Nevsky Fund (USA) - July 2008

The investment objective is to maximise absolute returns be taking long and short positions in the securities of global issuers with a core emphasis on securities of issuers in global emerging markets or issuers with a significant economic exposure to those regions established elsewhere.

The fund may invest in listed and unlisted, rated and unrated equity and debt securities, futures, options, warrants, OTC derivatives and cash. However, the fund invests mainly in local equity and depository

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