Tax, accounting and auditing reforms encourage investors back to Russia

Central European countries' membership of the European Union, which will happen in 2004, makes a strong case for investing in the region, while a strong political consensus for change and reform is giving investors confidence to return to Russia, according to Jürgen Kirsch, fund manager of the Griffin Eastern European Fund. With this optimism, Kirsch's fund has outperformed Standard & Poor's Europe Emerging Markets Equity Sector by almost 60% over three years, returning 87.69% compared with the sector's 29.73%. The investment style of London-based Griffin Capital Management is bottom-u...