These Hedge Funds And Investors Are Struggling Under Russia SanctionsRupert Hargreaves
According to data from the industry trade group Hedge Fund Research (HFR), Russian and European hedge funds plunged 36% in the first two months of 2022. A barrage of economic penalties from the United States and the European Union has hammered the Russian ruble and heightened the risk of default on Russian bonds as the country’s aggressive actions in Eastern Europe have roiled its economy.
At the beginning of the conflict, Russia closed its stock exchange and brought in severe capital controls, which have made it harder for hedge funds and outside investors to sell, buy and price securities . . .
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