Mon, Oct 24, 2016
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

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion