Emerging Markets, Emerging Russia, Emerging Views
From the monthly archives:
By James LaDue from Emerging Manager Focus
SCO Capital Partners fund managers have been posting overall gains throughout the past 3 years. I wanted to get more information from the firm based on its success as an emerging manager firm. When I contacted the organization, I was put in touch with John Doss, partner.
Emerging Manager Focus: [...]
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By Marcus Williams
The RTS Stock Exchange yesterday launched its RTS Standard Index based on trades in and quotes for the top 15 most liquid stocks on the bourse.
The new index, published by the exchange under the symbol RTSSTD, had an initial value of 10,12303 at the start of the trading session.
The new index has [...]
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By Ivan Anderzhanov in Moscow
Pavel Teplukhin, a co-founder of Troika Dialog and a leading light in the development of Russia’s capital markets, has quit the Russian brokerage after 19 years without having a new job to go to.
Moscow’s rumour mill first started churning up that Teplukhin would leave the Moscow group over a year ago [...]
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By Vladimir Osakovsky, Head of Strategy and Research for UniCredit Securities
Yesterday former prime minister Viktor Yanukovich and Prime Minister Yulia Timoshenko dominated the first round of Ukraine’s presidential election, bringing them toward a run-off vote and ousting incumbent Viktor Yushchenko.
National exit polls gave Yanukovich 31.3% of the votes and Timoshenko 27.1%, with former Central Bank [...]
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By Vladimir Kuznetsov, Equity Analyst at Unicredit
Inflows into Russia-dedicated funds and ETFs in the week to 13 January were the second-highest in the past 12 months and totaled $245m, according to EPFR data.
Inflows were stronger only in the week to 21 October, when they exceeded $457m the highest on record. Russian funds report inflows for [...]
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By Ivan Anderzhanov in Moscow
Andrey Donskikh, the former chairman of Uralsib Financial Corporation, has resurfaced at the state savings bank Sberbank in a senior role.
Donskih, who stepped down from his role at Uralsib in November after five years at the group, will come deputy president of the bank. A report in today’s Vedomosti said [...]
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By Ivan Anderzhanov in Moscow
Swedish investment firm Prosperity Capital Management has crowned its Russian fund as the best global performer during the noughties .
Prosperity issued a press release today claiming its Prosperity Quest Fund has returned a whopping 3,604% in the decade to December 2009. It followed a similar claim by East Capital for its [...]
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By Ivan Anderzhanov in Moscow
A five-year-old Russian chimpanzee has beaten 94 per cent of the country’s investment funds with her investment portfolio.
The circus performer Lusha stunned seasoned stock-pickers after her eight stock selections soared by 300% over the past year.
A Moscow sell-side source quipped that local investment houses would fight tooth and tail to avail [...]
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By Marcus Williams in London
Doug Welch, a former head of equity derivatives sales at Troika Dialog in London, has resurfaced at Italian bank Unicredit in a senior role.
Welch, who started at Unicredit’s in December, has been charged with building out a derivatives flow-trading platform to augment the bank’s geographical strengths in Western, Central and Eastern [...]
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By Marcus Williams in London
Russian stocks roared out of their winter holiday hibernation today, spurred by rising oil prices and China’s demand for commodities.
The dollar-denominated RTS stock index soared 7.5% to 1,553 points,while the rouble-denominated MICEX bourse jumped 5.5% to 1,444 in the first day of Moscow trading after the 10-day New Year and Orthodox [...]
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By Emerging Manager Focus
Morgan Stanley Investment Management (MSIM) has launched its Emerging Manager Program (EM Program). Seeking to provide capital, strategic advice and infrastructure solutions to emerging asset managers, “EM Program” will partner with long-only (equity and fixed income) and alternative minority and women-owned asset managers.
The program has a specific emphasis on minority and women-owned [...]
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By Ivan Anderzhanov in Moscow
Shari Redstone is partnering with Russian banking veteran Charlie Ryan to acquire Russian theatre operator Rising Star Media from National Amusements, the company controlled by her billionaire father Sumner Redstone.
Shari Redstone, co-founder of Rising Star and president of National Amusements, will be chairman of the new entity, while fellow Rising Star [...]
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