Back in the U.S.S.R.

Anton Khmelnitski, the Moscow-born manager of U.K.-based Polar Capital Partners’ Elbrus Fund, seems to have a knack for finding gems buried deep inside the former Soviet Union. Although the $230 million long-short fund isn’t very big, there’s nothing small about its performance: Elbrus has returned a cumulative 59.2 percent (28.87