Russian funds inflows: the second-highest in 12 months

January 15, 2010

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 [...]

Read the full article →

Former Uralsib boss Donskikh resurfaces at Sberbank

January 14, 2010

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 [...]

Read the full article →

Russia funds both claim best global performer gong over the decade

January 13, 2010

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 [...]

Read the full article →

Russian chimp makes a monkey out of Moscow funds with her stock picks

January 12, 2010

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 [...]

Read the full article →

EXCLUSIVE: Derivatives supremo Doug Welch resurfaces at Unicredit

January 12, 2010

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 [...]

Read the full article →

Russian stocks roar as markets wake from winter hibernation

January 11, 2010

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 [...]

Read the full article →

Morgan Stanley Launches Emerging Manager Program

January 11, 2010

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 [...]

Read the full article →

Shari Redstone and UFG founder Charlie Ryan to buy Russia theatre chain

January 8, 2010

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 [...]

Read the full article →

BRIC equities outperform US equities in the noughties

January 7, 2010

By Marcus Williams in London
Stock markets in emerging economies of Brazil, Russia, China and India registered double or triple-digit gains in the noughties compared to the US equities market which shed almost 20%.
Emerging market rallied more strongly than their emerging market counterparts over  last year after being hit more severely by the 2008 international credit [...]

Read the full article →

Open Letter To Andrius Kubilius (PM of Lithuania)

January 7, 2010

By James Beadle from Market-Melange
“Dear Prime Minister Kubilius,
First, let me wish you Happy New Year and offer my congratulations on a successful 2009. It seems odd to describe a year in which GDP declined by double digits as “successful,” but as you have pointed out, Lithuania had been growing faster than its developed European peers, [...]

Read the full article →

Russian Sovereign Bond ‘beauty parade’ kicks off

January 5, 2010

By Ivan Anderzhanov in Moscow
The Russian government has unveiled a beauty parade of investment banks who will compete to take part in Russia’s first international bond issue in over a decade.
Russian investment  bank VTB Capital is understood to have secured a role as one of the lead managers, alongside three bulge-bracket banks such as Goldman [...]

Read the full article →

Eurasian Bank acquires Troika Dialog Kazakh bank

December 22, 2009

By Marcus Williams
Kazakhstan’s Eurasian Bank has bought a Troika Dialog subsidiary bank in Almaty for an undisclosed amount in a bid to expand its business abroad.
Eurasian is controlled by the principal owners of London-listed Kazakh mining company Eurasian Natural Resources Corp.
Troika, which sold a third stake to South Africa’s Standard Bank in March, bought the [...]

Read the full article →
Page 6 of 27« First...23456789101120...Last »