Bt Andrei Skvarsky.
Russian brokerage Troika Dialog has launched a fund to capitalise on booming investor appetite for Russian Internet and high-tech companies.
The Troika Dialog Global Internet open-ended retail fund, which aims to achieve mid-term capital appreciation, will invest in Russian, foreign and global firms, Troika said in a statement.
Yandex, operator of Russia’s largest Internet search engine, raised $1.3bn in an IPO on NASDAQ in May, and Russian email operator Mail.ru, an investor in Facebook, made $912m via an IPO on the London Stock Exchange in November last year.
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