Statwatch: Baring Russia fund

Russia's independence from volatile global markets is strengthening its economic position, according...

Russia’s independence from volatile global markets is strengthening its economic position, according to Ghadir Abu Leil-Cooper. Abu Leil-Cooper, who runs the New Russia fund, was commenting after the conversion of the fund to a Ucits compliant mandate. The fund has been renamed the Baring Russia fund and will be available from 27 December. Abu Leil-Cooper said the changes were essentially aimed at making the fund available to a wider range of investors. The minimum investment into New Russia was US$25,000, falling to US$10,000 under Ucits. Using the additional powers, the fund will in...