Mon, Aug 3, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner