Specialised Russian Growth

Limited

Fund Investment Objectives

The objective is to achieve long term capital appreciation primarily through investments into listed and unlisted equity and equity-related instruments of companies whose principal operations or assets are located in Russia, or a material part of whose business relates to Russia. The strategy: Non-typical, non-indexed Russia portfolio; Structured as a long/short fund, but not market neutral; Long exposure to the Russian market- may go short for performance; Special Situations; Bottom-up approach.