The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Rare launch of a CIS fixed-income hedge fund

Two former JPMorgan bankers have launched a hedge fund that invests in fixed-income instruments in Russia, Kazakhstan and Ukraine.

Sergey Grechishkin and Andrei Taskin, who both worked at the US bank earlier this decade, are raising money for the Alcantara Russia and CIS Fixed Income Opportunities Fund.

The fund, which is regulated by the UK’s Financial Services Authority, is the first product launched by Alcantara Asset Management, the firm that the two partners founded last year.

 

outstanding amount of international bond issuance from the CIS 

Although there are several hedge funds investing in emerging Europe and global emerging markets Alcantara is rare in being exclusively focused on fixed-income instruments issued by the three biggest members of the CIS. "It’s a very under-serviced market," says Grechishkin. "There are very few specialists in CIS debt." With more than 230 liquid international issues with over $200 billion outstanding by more than 60 issuers, CIS debt presents a diversified mix of industry, currency, tenor and structure. Russia, Kazakhstan and Ukraine also have a combined $140 billion of local-currency debt outstanding, although for the time being Alcantara will focus exclusively on Eurobonds and credit-linked notes.

The fund employs a combination of actively managed long-only and relative-value strategies, although the strategy will be predominantly managed long only.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree