UFG Russia Select Fund ranked #1 in Bloomberg Emerging Markets Top-10
June 21, 2011 - UFG’s Russia Select Fund has just been ranked # 1 in Bloomberg’s official Emerging Markets Hedge Funds review with regard to year-to-date performance, posting a return of +12.73% through May 31st. We note that this has been achieved on close to half of the Russian market’s volatility, and that the main Russian large-cap index is only up +7.3%. The return rate of UFG’s closest trailing competitor is +10.28%.
We are pleased to say that our primary post-crisis directive - to protect capital - is paying off. More importantly, the defensive structure of our positioning is inherent in the UFG Russia Select portfolio’s construction; thus, when external events rock the Russian markets, we are not forced to employ aggressive trading views because we employ dynamic hedging techniques, calibrating our derivatives book to match a more risk-averse view in a down market. For example, during May 2011 our $150 million UFG Russia Select Fund enjoyed one of its best months ever, falling only -0.9% in the face of the -8.0% MSCI Russia Index decline.
We anticipate that our flagship long-short, blue-chip, monthly liquidity equity strategy, UFG Russia Select Fund, will continue to perform well and achieve even greater returns and international accolades in the future.
To learn more about UFG’s funds, please refer to the latest monthly report available here.
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The information contained herein is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy or sell any securities to any person in any jurisdiction in which such offer, sale or solicitation is prohibited. Prospective investors are advised to consult their financial advisor and to take separate advice as to the legal requirements within their own countries for investment in any of the funds as well as any securities, taxation or exchange control legislation affecting them personally. In addition, the funds and services have not been supervised by the U.S. Securities and Exchange Commission, and as a result, such investment products are only available to certain accredited investors who have been pre-qualified by UFG Asset Management.
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