Emerging market hedge funds in Russia and Eastern Europe saw a steep decline in February, according to data provider HFR.
The HFRI EM Russia/Eastern Europe Index fell -36.3%, the firm said as the overall emerging markets sector declined by -4.5% last month. The Russia/Eastern Europe Index had led emerging market performance in 2021 with 20.7% gain.
The impact of soaring oil prices, sanctions against Russia and the threat of Russian sovereign debt default has touched off various concerns across emerging markets.
“Emerging Markets hedge funds have been significantly . . .
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