UFG AM Public Markets Funds

UFG AM Public Markets Funds offers institutional and other qualified
investors liquid asset management strategies through individual investment accounts and
a family of international hedge funds that invest in equity and fixed
income securities in Russia and CIS countries.
UFG AM has $347 million in public markets investment strategies.

UFG Russia
Select Fund

The portfolio predominantly focuses on Russian securities, but may also include CIS equities. The fund is a “long-bias” equity strategy investing in highly liquid stocks of “blue chip” Russian companies, liquid stocks of fast-growing mid- and small-cap companies, as well as high dividend plays. The fund will hedge at the time of extreme market volatility. The underlying principle of the fund's strategy is capital preservation.

UFG Special
Situations Fund

The fund is a hybrid equity and fixed income discretionary strategy focused on special situations in Russian stocks and bonds. The fund can also opportunistically invest in private debt and equity instruments. The fund may hedge its positions and use leverage from time to time.

Team

Vadim Ogneshchikov

Senior expert, Russian strategies

Vadim Ogneshchikov joined UFG Asset Management in 2007 and is responsible for investment analysis and Russian public markets equity and fixed income strategies. He has experience in managing and advising on investment portfolios for leading asset management institutions since 1995.

Prior to joining UFG Asset Management, Mr. Ogneshchikov worked as a fund manager at the Evli Greater Russia Fund, the Russian equity product of the Evli Group, a leading Nordic investment bank. During the years 1997 to 2004, Mr. Ogneshchikov was employed by the Hansabank Group as a fund manager at the Hansa Russian Equity Fund. Prior to that, he managed investment portfolios at the Estonian Savings Bank and the Estonian Bank for Industry and Construction.

Mr. Ogneshchikov graduated from the Technical University of Tallinn with a degree in Economics.

Vadim Palamarchuk

Expert, Russian strategies

Vadim Palamarchuk joined UFG Asset Management in early 2014. Mr. Palamarchuk is responsible for analysis and evaluation of investment opportunities, both in fixed income and equity space, with a focus on the Russian market.

Prior to joining UFG Asset Management, Mr. Palamarchuk worked as a fixed income analyst at Promsvyazbank, covering Russian fixed income universe. In 2012–2013, he held a similar position at IFC Metropol, where he was responsible for coverage of the power utilities sector. Mr. Palamarchuk started his career with Otkritie Capital in late 2009.

Mr. Palamarchuk holds both Bachelor’s and Master’s degrees in Financial Markets from the Higher School of Economics (Faculty of Economics).