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The Fund seeks to maximise the return for its unit-holders. Its philosophy is based on a long-term perspective of development, fundamental analysis and active stock-picking, combining growth with value. The East Capital Russian Fund primarily invests in Russia and other countries in the former Soviet Union. The fund can invest in listed and unlisted securities and money market instruments, derivatives, fund units and accounts with credit institutions. It uses derivatives to make the management more efficient. The Fund’s strategy is to buy companies with low valuations that are benefiting from the powerful domestic growth in Russia. It invests in a wide range of sectors, companies and instruments to gain the best possible exposure. Two thirds of the portfolio is made up of large and medium-large companies. Up to 10% of the Fund may be invested in any one issuer, and the majority of holdings make up under 5%. The Fund invests 75% of assets in shares and equity-related instruments.
Name | Title | Since | Until |
---|---|---|---|
Peter Elam Håkansson | Founding Partner | 1998 | Now |
Biography | Peter, a Swedish national, is a founding partner of East Capital, acting today as Head of the Investment team. Peter devised, set up and implemented East Capital’s investment philosophy and strategy, which he continues to oversee. Peter has worked with Eastern European markets since the early nineties. He frequently visits companies across the East Capital investment universe. He is a member of the Boards of the Swedish-Russian Chamber of Commerce and Bonnier Business Press AB as well as the Advisory Board of Stena Long Term Equity. Prior to East Capital, Peter held a series of senior positions at Enskilda Securities in London, Paris and Stockholm – where his last role was as Head of Equities and Global Head of Research. Peter has been awarded with the Golden Star for best Fund Manager five times by Morningstar and Sweden’s largest financial daily Dagens Industri, as well as numerous Lipper awards for the performance of the funds that he manages together with his multi-cultural teams based in Hong Kong, Moscow and Stockholm. East Capital Russia, the flagship fund, was the best performing publicly traded fund of the decade 2000-2009 returning 1565% (USD, Source: Morningstar). Peter is a board member of various East Capital entities, Bonnier Business Press and Inter Peace Sweden, a supervisory board member of Atlantic Grupa in Croatia (ATGR-R-A), an advisory board member of Stena Long Term Equity and chairman of the board of the Swedish Music Hall of Fame. Prior to founding East Capital, Peter held a series of senior positions at Enskilda Securities in London, Paris and Stockholm, where his last role was Head of Equities and Global Head of Research. Peter holds an MSc in Finance from Stockholm School of Economics and has studied at l´EDHEC in Lille. He speaks Swedish, English and French. |
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