FMG Rising 6 Fund gained +4.0% in the 3rd Quarter

Emerging Markets once again rallied in the 3rd quarter, following a very good recovery since the January market rout. Taking a look at the MSCI EM index, we are now trading at the May 2015 price levels, and all the interim losses have since been recovered. It was a...

What Next For Russia?

Main takeaways from our visits to Moscow and St Petersburg Russia remains at the top of the world’s low cost producers of oil (est. cost $4/barrel) and gas thanks to the decline in Ruble and revenue in US $. Given the massive devaluation of the Ruble, Russia is...

FMG Rising 6 Fund gained 0.3% in the 2nd Quarter

The 2nd quarter was a story of mixed fortunes for the FMG Rising 6 Fund, with asymmetric performance across certain regions which we’ll explain below. Overall, the general feeling of the market was very strong and we saw a recovery in most of the higher beta names...