This Silk Road Fund Struggled In March As Turkey Plunged

January and February were positive nearly across the board, but early results suggest March was a bit more difficult for hedge funds. Sturgeon Capital, which invests across the Silk Road region, had a difficult month with a decline of 6.61%. The Kazakh Index gained 3.14% in March, while the MSCI Turkey index plunged 15%. The MSCI Russia and MSCI Frontier Markets index nudged 0.15% and 1.17% lower, respectively.

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Kazakhstan and zinc lead the way

One thing that worked for Sturgeon in January was gold, but that didn't pay off so well in March. The...