Wermuth Asset Management, a Russia-focused German family office, has announced that its quant funds have significantly outperformed a peer group of 50 in the Russian market over the past five years, and have continued to do so in 2013.
Wermuth Leveraged Quant Eastern Europe Strategy Fund (WEELS+) has been the best-performing fund with returns of 125.6% for the last five years, while the RTS index has slumped 28.9%.
Wermuth Quant Eastern Europe Strategy Fund (“WEELS”) has been one of the best-performing funds with returns of 20.3%, the company said in a statement.
“Eastern European stocks are unloved and under-owned; this makes them a great contrarian investment,” said Yury Roslavlev, head of quant strategies at Wermuth.
Wermuth says the recent banking crisis in Cyprus has not impacted the company or its funds.
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