Kaltchuga Fund Limited (BVI)

Fund's Objective :

Deliver long term return through fundamental analysis and stock picking in the second-tier and third-tier stocks universe. The fund is a long only equity investment vehicle with semi-annual liquidity. Its geographical focus is FSU countries, mainly Russia, Ukraine and Kazakhstan. It seeks value and growth opportunities in second-tier and third-tier stocks. It has a longer-term view, based on fundamental valuation.

Rationale :

The disruption triggered on stock exchanges by the collapse of credit markets and the deflation of global asset bubbles has given birth to compelling opportunities for long term investors, willing to believe that the Russian economy and other CIS countries will recover and that stock prices will get closer to their fair values within the next couple of years.

Share classClass A
Statut Open
Currency USD
Inception Date May-94
Min. invest. amount $100,000
Bloomberg ticker KALTCHA VG
Fixed management fees 2% per annum
Performances fees 20% above a hurdle rate of 5%
Valuation Monthly
Subscriptions Monthly
Redemption Twice per year with 60 days prior notice ; Redemption fee: up to 5% if redeemed during the first 6 months
Fund Administration Price Waters House Coopers
Pdf Documents Last Monthly Reporting