Asset manager Nevsky Capital, an affiliate of Thames River Capital started in January 2007 by their emerging markets team, has raised €100 million ($142 million) for two products focusing on western Europe – a European opportunities fund and a European absolute return fund. London-based Nevsky believes that after a period of stagnation western European markets are becoming more attractive. Recent market volatility is seen as having had little impact on a bull market led by steady growth and low inflation. The funds are managed by Gavin Corr, formerly of BlackRock, supported by Nevsky’s equity analysts. Charlie Porter, chief executive of Nevsky, said: “Valuations of western European equities do not reflect the strength of corporate earnings and potential dividends. The funds, with their respective absolute and relative return objectives, will aim to capitalise on this opportunity. The €100 million raised to date indicates strong demand for such products.”