Altima Asset Management (AAM), a professional investment manager, launched Tera Capital Fund in April 2005. TCF is a US dollar-denominated Cayman Islands registered fund of funds that invests in funds and fund-management companies based and/or investing primarily in Russia. It is designed for investors who are interested in investing in that target market without taking on the risk of investing in a single fund.

It is the only fund of funds in the world aimed directly at this geographic target market.

It is the only fund of funds in the world of which AAM is aware that pays no management fee whatsoever - only a success fee.

Its strategy has proven to be a tremendous success, with Tera performing very well in up markets and outperforming all indices and almost all other funds with a similar profile in down markets. As a result, its Sharpe Ratio is among the highest of all similar funds, and has been significantly higher than every major Russian fund. Consequently, Tera has frequently been ranked among the top ten funds of funds in the world by Eurekahedge, which ranks over 22,000 investment funds, including 2,500 funds of funds, more than 70 times since inception in terms of annualized performance, performance YTD and monthly performance.