Sturgeon Capital Hit By Weakness In Russia, Plans To Add Pakistan

October was a scary month for stock market investors, and this was evident in many hedge funds’ returns for the month. Following its modest recovery in September, Sturgeon Capital took another big hit in October. In its monthly update, which was obtained by ValueWalk, the long-biased equity fund with a Silk Road regional focus reported a -5.29% return. A difficult month in Russia October was generally difficult for markets in Central Asia, which is why Sturgeon took such a big hit. The KZKAK Index lost 1.4% in October, while the MSCI Turkey index declined 0.7%. The MSCI Russia index was…