The central Asia-focused Sturgeon Capital declined 0.5% in U.S. dollar terms in September, bringing its year-to-date returns to -5.57%. Gold prices slumped during the month, which negatively impacted one of the fund's top positions. The fund benefitted from its positions in a Russian oil and gas company, a Turkish industrial and financial conglomerate, and a Turkish chemical company.
Turkey and Russia bounce
The markets were volatile in September, bouncing immediately after the August correction due to monetary easing by the Federal Reserve and European Central Bank. Trade talks between the U.S. and China continued with mixed headlines, which drove the market volatility.
The MSCI...
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