FMG Russia Fund

Description.

FMG has historically been long term investors in Russia (May 1995) and has, over the years, developed a strong network in order to cherry pick the best Russian managers, using a mix of traditional equity and more alternative focused managers. After the oil, gas and mineral plays, the real future growth in Russia will be from domestic consumer demand which has already resulted in an increase in Small and Medium Enterprise (SME) who have benefited from increased liquidity within the economy and increased market opportunities for continued growth within Russia and CIS. Russia Keypoints:

• World’s 3rd largest FX reserves 
  
• Part of the exclusive 7 largest economies in the world 
  
• Twin surplus for the last 10 years, very few other countries to achieve this' 
  
• Total government debt of 6% vs 79% for other G7 countries 
  
• Demonstrated savings disipline for oil and gas revenues 
  
• Highest GDP per capita of BRIC countries along with the lowest debt and tax burden 
  
• GDP per capita up 12 fold since 1998 
  
• Productivity gain up 10% per annum since 1998 
  
• Bank lending in Russia is 40% of GDP vs around 200% for the US and UK

Strategy.

FMG Russia Fund offers investors access to the Russia markets using the multi-manager concept. By investing with a mix of long-only and hedge fund managers, the Fund aims to fully participate in Russia's growth story whilst minimize the emerging market volatility. 

The Fund uses a dynamic investment strategy and selects various underlying managers focusing on Russia and CIS countries only. 

FMG Russia Fund will typically allocate to smaller, more flexible and lesser known managers who are opportunistic, focusing on specific sectors, various market caps and industries to generate enhanced returns

Information.