Hedge Funds

Dashevsky blends event-driven investing with EM expertise

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Steven Dashevsky’s D&P Russian Special Situations is unusual among Russia-focused and emerging market funds in focusing exclusively on special situations and event-driven investing in the region

Steven Dashevsky
Dashevsky & Partners, the Moscow-based Russian event-driven specialist led by former UniCredit Securities and Aton Capital man Steven Dashevsky, has made good headway since launching its D&P Russian Special Situations Fund in December 2009.

The fund returned 21.9% in 2010 and is down a modest 2.7% this year to the end of August – giving an annualised return since inception of 11.1%. The total return for the MSCI Russia Index over the fund’s lifetime is 11.8%; the D&P fund has made 18.6% since inception.

The strategy focuses on event-driven opportunities in Russia and