As Emerging Markets Hedge Fund Gets Slammed, Sturgeon Down Over 9% In August

With Asian hedge funds largely sliding in August, the emerging market sector in the region has, likewise, come under fire. No one knows this better than the portfolio managers at London-based Sturgeon Capital. The Central Asia fund shed -9.15% in August, posting an underwater year to date tally of -17.43%. [buffett] Q2 hedge fund letters, conference, scoops etc Russia and Turkey have very different performance drivers In an unpredictable political climate, the fund was caught in headwinds from Turkey to Russia, all with geopolitical nuance influencing returns. The punishing themes underlying performance were consistent with history: trade and fiscal issues…