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Russia rules in Eastern European long/short

Hedge managers are treading carefully in Western Europe but are finding profits from low correlation in Eastern Europe, notably Russia

In Western Europe, caution rules the day among hedge funds, while continued low correlation between different Eastern European stock markets allows hedge fund managers to profit by switching between emerging European companies.

Hitesh Bharkhda, alternative investment business manager at Threadneedle, says its European long/short Crescendo fund is 'very cautious' as the managers see 'there is still

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