Convergence Capital invests fund in future EU members

Convergence Capital, a newly-formed fund manager focused on investing in Central and Eastern Europe and Russia, is to launch its maiden fund, Convergence Strategic Absolute Return Fund (Constar), in partnership with Williams de Broë.

The portfolio invests predominantly in the 10 EU accession states, whose applications for membership were effectively approved by the ratification of the Nice Treaty by Ireland on October 19, 2002.

Through systematically trading on these markets, Constar aims to a