Tue, Jun 19, 2018
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. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv