[We Didn't See The Movie But Feel Free To Insert Your Own Hackneyed Joke Here]

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A former Permal analyst, Clemente Cappello, has launched the Sturgeon Fund, based in the Cayman Islands. It invests primarily in fixed income and equities in Azerbaijan and Kazakhstan. The fund hedges on oil prices while holding equities because of the local economies’ dependence on the oil. “We’re very bullish on the fact that there are a lot of market changes going on in Kazakhstan and Azerbaijan, and we really think that the liquidity is going to increase,” said Cappello. Sacha Baron Cohen’s Golden Globe win will no doubt be a boon to this month’s earnings, as will the upcoming DVD release.
Former Permal Analyst Launches Central Asia Fund [FINalternatives]

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