What’s Next for Russia-Focused Hedge Funds?

As the Russia-Ukraine conflict continues to rage, the few remaining Russia-focused funds currently find themselves in limbo. But one manager is optimistic about future prospects.

Andrey Rudakov/Bloomberg

Andrey Rudakov/Bloomberg

Russia’s devastating and destructive invasion of Ukraine has not only horrified most of the world, it’s also upended the handful of Russian-focused hedge funds that have all but halted operations since the Russian Stock Exchange shut down on February 25.

At the time, many of the funds were down sharply, but they can now only sit and wait for the market to reopen.

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