By Andrei Skvarsky. ITI Group, an emerging markets brokerage focusing on technology and algorithmic trading, has bought a London-based brokerage from Russian financial corporation Uralsib. Continue Reading
By Andrei Skvarsky. ITI Group, an emerging markets brokerage focusing on technology and algorithmic trading, has bought a London-based brokerage from Russian financial corporation Uralsib. Continue Reading
By Andrei Skvarsky. A British investment adviser argues that Brexit could involve good investment opportunities in Commonwealth countries because “it’s a certainty” that Britain will seek more extensive trade with Commonwealth nations when it leaves the European Union. Continue Reading
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has hired ex-Societe Generale banker Alexei Poliakov to head the unit at its corporate and investment arm, Sberbank CIB, for sales of fixed-income instruments and derivatives to financial institutions in Russia and the Commonwealth of Independent States (CIS). Continue Reading
By Andrei Skvarsky. A 2016 survey by Moscow-based property broker Tranio suggests that, among Russians and other Commonwealth of Independent States (CIS) nationals buying real estate abroad, the proportion of those doing this as a form of investment has grown significantly since 2014. Continue Reading
By Andrei Skvarsky. The actual process of Brexit, triggered on March 29, may cost Britain up to 50bn pounds ($62bn), BBC has cited “some reports” as saying, though the British government has denied the cost of leaving the European Union will be so high. Continue Reading
By Andrei Skvarsky. The Ukrainian central bank has urged the police to make nationalist rioters stop forcibly disrupting the business of Ukrainian outlets of Russian state-controlled banks that have had sanctions imposed on them by Kiev for alleged support for Ukraine’s Moscow-backed separatist industrial east, and to prevent them from vandalising the lenders’ offices. Continue Reading
By Andrei Skvarsky. Last year’s decline in apartment rents in Dubai and Abu Dhabi has overall continued into 2017, though there were minor rises in January and February, according to Dubai-based real estate portal and private company Bayut.com, which argues that the real estate markets in both cities are by and large doing well. Continue Reading
By Andrei Skvarsky. Two Moscow-based employees of the customer service of Sberbank, Russia’s biggest lender, are accused of stealing 40m roubles ($700,000) from one of the bank’s clients. Continue Reading
The US presidential and congressional elections ushered in a new set of variables for investors to consider, according to Ernest E. Cecilia, CFA, chief investment officer at Bryn Mawr Trust and a speaker at the marcus evans Private Wealth Management Summit Spring 2017, taking place at the Ritz-Carlton Orlando, Grand Lakes, in Florida on June 4-6. In this environment,… Continue Reading
By Andrei Skvarsky. Sun Global Investments chief executive Mihir Kapadia argues that the current decline in the oil price is largely the result of growing shale oil production in the United States and that the US shale industry’s performance may undermine the influence of the Organization of the Petroleum Exporting Countries (OPEC). Continue Reading
“While it might seem that anyone can be a value investor, the essential characteristics of this type of investor – patience, discipline, and risk aversion – may well be genetically determined.” – Seth Andrew Klarman is an American value investor, hedge fund manager, philanthropist, in the hedge fund manager hall of fame, and founder of… Continue Reading
By Andrei Skvarsky. China’s finance minister has put the total debt ratio of the country’s central and local governments at 36.7 per cent, arguing that this level is not high and will not change much by the end of 2017, that government debt risks are controllable, and that the government still has room for borrowing. Continue Reading
By Andrei Skvarsky. In a fresh sign of waning hopes in Moscow of a rapprochement with the United States, a top Russian diplomat has slammed “ill-wishers” in the US Congress for a plan to put Russia under “something like an economic blockade”. Continue Reading
By Andrei Skvarsky. Yandex.Money, a key Russian online payment service co-owned by Russia’s biggest lender, Sberbank, has hired Ivan Glazachev, a former top manager at Russian Standard Bank, as its chief executive. Continue Reading
By Andrei Skvarsky. In a survey by Aton, one of Russia’s oldest investment companies, 76 per cent of more than 100 Russian institutional investors said they thought the West is unlikely to soften its sanctions against Russia. Continue Reading
By Andrei Skvarsky. On top of having been at the centre of a money-laundering scandal that forced the parent company to pay large fines to British and US regulators in January, Deutsche Bank’s Russian subsidiary has received a 10bn-rouble ($174m) backdated tax bill from the Russian government. Continue Reading
By Andrei Skvarsky. Apartment rents and prices in Dubai and Abu Dhabi dropped in 2016 but the two emirates’ real estate markets have stabilised significantly, according to property portal and private company Bayut.com. Continue Reading
By Andrei Skvarsky. More than 80 per cent of buyers of the stock sold in the current highly successful initial public offering (IPO) of shares in Russian children’s goods retailer Detsky Mir were foreign investors, according to Sberbank CIB, a co-book runner of the sale. Continue Reading
“What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.” – Barry Ritholtz AFC Funds Performance Summary The team at Asia Frontier Capital would like to wish all… Continue Reading
Donald Trump is now the President of the United States. It is time for him to put turn his campaign promises into reality, and while that comes with several implications, some of the most positive implications are reserved for business. While there have been concerns surrounding a potential conflict of interest, the market seems to… Continue Reading
By Andrei Skvarsky. Detsky Mir, Russia’s number-one children’s goods retailer, has raised 21.1bn roubles ($355.6m) through a fully-subscribed initial public offering (IPO) of shares, including an over-allotment option. Continue Reading
By Andrei Skvarsky. At least 16bn roubles ($2.4m) was taken out of Russia last year through a simple money-laundering scheme that had a practically unchallengeable cloak of legality over it due to the manipulation of the country’s arbitration courts, according to Russian business daily Kommersant. Continue Reading
By Andrei Skvarsky. Sberbank, the name of Russia’s largest bank, is the sixth most valuable banking brand in Europe, according to Brand Finance, a global business valuation and strategy consultancy. Continue Reading
By Andrei Skvarsky. Sberbank has hired former ING banker Bart Schlatmann to oversee a planned digital overhaul that would put the biggest Russian lender’s client service on an omni-channel basis. Continue Reading
Deutsche Bank has had fines totalling nearly $630m slapped on it by regulators in the United States and Britain for an “inadequate AML [anti-money laundering] control framework” that enabled about $10m to be illicitly taken out of Russia. Continue Reading
By Andrei Skvarsky. Detsky Mir, Russia’s number-one children’s goods retailer, hopes to raise up to 26bn roubles ($434.5m) through a planned initial public offering (IPO) of shares to be managed by several banks including Credit Suisse, Goldman Sachs and Morgan Stanley. Continue Reading
By Andrei Skvarsky. Kroll, a global provider of risk solutions, has promoted five members of staff to senior positions in its North America and Asia Pacific teams. Continue Reading
Ever since Tesla’s stock took a beating in 2016, investors and traders have kept a strict vigil on the stock prices. However, with the uncertainties of Donald Trump’s presidency, there are a lot of worries which are plaguing the car manufacturer’s investors. Continue Reading
By Andrei Skvarsky. Russia’s Renaissance Capital (RenCap) has made a hire for its research team for Sub-Saharan Africa, handing responsibility for industrials and consumer sector coverage to Adedayo Ayeni, previously an analyst at an African subsidiary of Portugal’s third-largest listed bank. Continue Reading