Fund Beats 99% of Peers With Outsized Ukraine Bond Returns
- Arkaim prepares to launch a distressed EM credit hedge fund
- Naftogaz, Ukraine Railways, Metinvest among top picks: Griko
Photographer: Julia Kochetova/Bloomberg
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A fund focused on buying junk bonds has crushed just about all of its competitors by loading up on debt from corporations in Ukraine.
The Eastern European nation, which is battling a full-scale Russian invasion for the third year, became the biggest country allocation for the $470 million Emerging Markets Corporate High Yield Debt Fund run by Arkaim Advisors, which has returned 12% this year and beaten 99% of peers, according to data compiled by Bloomberg.