ED Capital Management is starting a UCITS III-compliant hedge fund focused on the former Soviet Union, Hedge Funds Review reports. The New York- and Moscow-based firm will start its Hudson River Russia Growth Fund with €10 million in initial assets.
The vehicle, which is managed by Elliott Daniloff and Ilya Kravets, will have a long-biased portfolio of between 30 and 50 names, investing in both stocks and equity derivatives. The fund will be part of Alceda Fund Management’s UCITS platform.
Click here for the story from Hedge Funds Review.