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Hedge funds reap big rewards from Russia

New York

RUSSIAN assets, which are among the most volatile in the world, are bringing hedge fund managers the best returns in emerging markets.

Funds with a geographical focus on the country have gained an average 29 per cent since the start of 2015, more than any others geared toward major developing nations, according to industry tracker eVestment. That's eight times more than China-focused funds and 16 times the return of firms investing in India. The MSCI Russia Index rose 17 per cent during the...

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