This Hedge Fund Sold Qiwi Plc (QIWI) Amid Regulatory Concerns

Horos Asset Management recently published its Q4 Investor Letter, which can be downloaded here. A return of 26.3% was recorded by the fund for the Q4 of 2020, outperforming its benchmark index that delivered an 11.9% return.

Horos Asset Management said in their letter that they sold Qiwi Plc (NASDAQ: QIWI) because of the uncertainties they observed within the company. Qiwi plc is a Russian payment service company that currently has a $741.2 million market cap. For the past 3 months, QIWI...