 VR Capital invested heavily in Argentina following the sovereign default and currency devaluation in 2001, and likewise was a major investor in Greece in 2012 and Ukraine in 2014.Its flagship fund, VR Global Partners, L.P., had assets under management of approximately US$4.4 billion at the end of 2017 and was cited by Barron's in June 2016 for its performance over the past decade.The fund's offshore version was named "Fund of the Year" at the HFM US Hedge Fund Performance Awards 2017 and won the "Distressed" category at the EuroHedge Awards 2017.