In which year was the Hermitage Fund the best-performing fund in the world?
1995
1997
2000
2003
Answer
The Hermitage Fund was the best-performing fund in the world in 1997. This was due to the fund's success in investing in Russian companies that were undergoing privatization. The fund's founder, Bill Browder, was able to identify companies that were undervalued and that had the potential for growth. This allowed the fund to generate significant returns for its investors.
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