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Russian forcing. A review of rankings of the hedge-funds. March, 2015

12 March 2015

I would like to return to the Russian SPEAR’s hedge funds ranking because there are two new hedge funds. The leader of the ranking became the most famous Russian hedge fund Copperstone which earned 5.77% in January. The new hedge fund Flag Quantative Strategy took second place with the result 4.77%. The third place was taken  by the first "Russian" fund of funds MoneyBall MultiStrategy with  the result 3.75%. I didn’t find out information about Flag Quantative Strategy hedge fund and  therefore I  will tell you only about fund of funds MoneyBall MultiStrategy.

Fund of funds is the hedge fund, which estimates and makes its investment portfolio of hedge funds.  If a common hedge fund develops strategies and makes the analysis of financial instruments in the market, the fund of funds tries to choose the best funds for its investment portfolio.  Such selection more closely resembles a fundamental analysis  rather than a mathematical modeling when constructs an investment portfolio.

Founders of the fund of funds MoneyBall MultiStrategy are Artem Lukashin and Aleksandr Suchushkin. The team has made a very quality and fashion website in the best traditions of west hedge fund industry such as TopTurnCapital. Unfortunately, the modern design of their website is the sole advantage. The content of the website is   typical  and very similar to other hedge funds’ web- sites. From the web –site,  I don’t understand what makes MoneyBall MultiStrategy  different. Unfortunately,  the presentation is not better than the website. Slides are not connected and do not have logical consequence. There is no focused idea in the slides. The fund MoneyBall MultiStrategy is interesting  due to the fact that it is the first fund of funds with Russian managers and owners. This fund is young and doesn’t have a historical record. I hope that the colleagues from MoneyBall MultiStrategy have  a great experience on how  to be  leaders in the hedge fund industry. The fund started this year with the result: January +3.75%, February +3.97% and March +1.5% (estimation). I can recommend  MoneyBall MultiStrategy fund for your personal investments.

For the most Russians, it is  important  to have the same language and mentality in communications. If you are going to improve a quality of your investments using hedge funds, I can recommend you the “Russian” funds from the table:

Fund name Jan, 2015 Feb, 2015 Mar, 2015 YTD, 2015

Kvadrat SPC

Inception: Aug 2013

Fund style: Option strategies & Arbitrage

Location: Grand Cayman, NA, KY

0.83% 0.57% 3.29% 4.74%

Copperstone Alpha Fund

Inception: Jan 2012

Fund style: Value  & Event Driven

Location: Grand Cayman, NA, KY

5.76% 7.97% 3.43% 18.11%

MoneyBall MultiStrategy

Inception: January, 2015

Fund style:  fund of funds

Location: Moscow, Russia

3.75% 3.97% 1.5%(est.) 9.49%

EAM Strategies

Inception: Feb 2013

Fund style: Option strategies & Fixed income

Location: Grand Cayman, NA, KY

3.10% 0.12% -4.4% -1.36%


 Our fund EAM Stocks&Derivatives Strategies S.P. had  a -4.4%  performance in March. Our strategies work stably and getting negative performance is quite natural phenomena after fund’s growth seven months in a row.

In March, we made some renovations in the website. The chapter Performance was modified in two sub-sections. The first sub-section provides the tables with investments coefficients. The second sub - section presents the graphs with results of the fund in comparison with indexes S&P500 and RTS. The chapter Investment Strategies was renewed with  a detailed description of our  own alternative model of valuation options for equities indexes.

If you have any questions about our hedge fund or you need a consultation with a hedge fund selection for the investment fell free to write us. We are always happy to answer your questions!

Denis Eganov & Alexander Kurguzkin

info@eampartners.com

April 13, 2015

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