Sullenger benefits from Russian boom

lombard odier eastern european, managed by coast sullenger, looks to have 40%-50% exposure to Russian equities

Russia has proved to be one of the most volatile markets in Europe, losing 90% of its value in the aftermath of the 1998 crisis. Even so this does not deter Coast Sullenger, manager of the Lombard Odier Eastern Europe fund, from aiming to have 40%-50% exposure to Russia in his portfolio at all times. The market has still not reached its pre-crisis peak but in the last three years to 30 June it has returned 193.77%, against a fall in the Dow Jones Eurostoxx of 50.43%. Besides Eastern Europe's lack of correlation to major indices such as the S&P 500 or MSCI Europe, Sullenger adds the ...