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This Silk Road Fund Struggled In March As Turkey Plunged

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Michelle deBoer-Jones
Published on
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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...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.