Thu, Apr 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Verno Capital boosts Russian fund offering with expanded team

Thursday, July 11, 2013

amb
Natalia Zagvozdina
Beverly Chandler, Opalesque London:

Moscow-based fund management firm Verno Capital is expanding its investment team with three senior hires and plans to launch a Russia debt fund.

The three newcomers include Natalia Zagvozdina, formerly head of Russian Equity Research at Renaissance Capital and the country’s top rated consumer analyst (Institutional Investor rankings 2004-2010), who joins Verno as Head of Research. The second is Tom Adshead, a CFA charterholder and 22-year veteran of Russia’s markets with senior experience in both equity research and portfolio management, who joins as Portfolio Manager and thirdly, Elena Kolchina, a leading fixed income fund manager, who will assist with the launch of and manage a Verno debt fund.

$230m Verno Capital returned 16.7% over 2012 in its long/short equity fund and 10.6% in its long–only equity fund.

In an interview with Zagvozdina in Moscow, she explained that for her the Russian market is more than just oil and gas.

"Overall, Russia is not one of the first choice investor destinations, and that is primarily because of the perceived political risk associated with investment in Russia."

Zagvozdina believes there is value to be found in Russian stocks for those willing to do their homework, and points to the consumer sector as a prominent example. "In terms of internal consumption the simple macro indicators show that consumer spending is growing beyond e......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Opalesque Exclusive: Ex-Millennium manager to launch global macro hedge fund on 2 May[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Markus Thielen left his London job last year to start a global macro hedge fund in Hong Kong, where he first moved in 2004. He is now the chief investment off

  3. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  4. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  5. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to