UFG Special Situations Fund — our hybrid investment strategy of investing across both Russian high-liquid public equities and bonds, as well as private debt and private equity — was named the Best Multi-Asset Russia/CIS Fund at the 2018 Russian Hedge Fund Industry Awards.
UFG Special Situations Fund tailors its investment strategy to the changing market dynamics. Thus, in periods of market growth our managers shift their focus to rapidly growing equities. During periods of market correction or periods of only moderate growth, the Fund shifts towards more conservative fixed-income instruments, or taking advantage of special situations, such as investing in private high-yield debt placements or private equity participation in Russian pre-IPO companies. According to the most recent data (end-March 2018), UFG Special Situations Fund has risen +27.6% in USD since it was launched, while over the same period the country’s benchmark MSCI Russia Index has in fact dropped −7.4%.
The Russian Hedge Fund Industry Awards ceremony was held in Moscow on April 5 as a part of the broader 2018 Moscow Hedge Fund Week, which is the leading annual event for the Russian hedge fund industry. The event was organized by the National Alternative Investment Management Association (NAIMA) and the Moscow Hedge Fund Managers Club, with the support of Bloomberg. Another of our funds —UFG Russia Select Fund — was also honored at the Russian Hedge Fund Industry Awards ceremony, by being selected as the Best Equities Russia/CIS Fund (Long/Short).
