Hedge Funds

OneWorld begins BRIC fund


Emerging markets specialist OneWorld Investments is offering investors the chance to concentrate an investment in four popular emerging markets: Brazil, Russia, India and China.

The Boston-based firm recently began trading a so-called BRIC hedge fund with $42 million in initial capital from anchor investors and is planning to open the fund more broadly this month.

One World had been targeting the BRIC countries since early last year with a managed account that focused on the sector. Launched last April, the managed account was up 37.75% in 2005. And if the MSCI BRIC Equity Index, launched in December, provides