Launches & Closures

Spectrum launches Russian equity long/short strategy

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A Russian equity long/short UCITS fund managed by Spectrum Partners Group has launched with $40 million of assets under management.

The Russian Phoenix UCITS Fund will be on the Merchant Capital UCITS platform, which is part of the asset management division of Merchant House Group, which announced the new strategy in its results last week (see earlier story).

The UCITS fund replicates the strategy of an existing long/short product managed by Spectrum, the Spectrum Russian Phoenix Fund, which has a two-year audited track record.

The strategy follows a thematic investment approach with active stock-picking aiming to identify investment opportunities with