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. Last Updated: 07/27/2016

New CentreInvest Fund

MOSCOW -- CentreInvest Securities is starting a dollars 150 million off-shore fund dedicated primarily to Russian equities and targeting individuals and institutional investors.

James Fenkner, formerly research director at the brokerage and manager of CentreInvest clients and its High-Growth Fund since April, will oversee the new Russia Fund. Prior to CentreInvest, Fenkner headed research at AIOC Capital and Flemings CIS.

To date, the CentreInvest Russia Fund has raised dollars 70 million, with a closing date set for June 30. The brokerages High-Growth Fund has an average 1997 return of 255.7 percent.