Shimoda Emerging Europe Fund (liquidated 2004)

BLOOMBERG CODE - SHMRNII OS Equity DES
Swiss Valoren #821073
formerly The Shimoda Russia/NIS Inv. Co.

The Shimoda Emerging Europe Fund is a tax-exempt Cayman-based off-shore investment company, established in 1997 and closed in late 2004. The Fund's investment objective was to achieve above-average capital appreciation by investing in a diversified portfolio of equity and debt securities of "Emerging Europe", primarily of the Russian Federation ("Russia"), other former Soviet Union republics or Newly Independent States ("NIS), and Central & Eastern Europe.