In the middle of the financial storm at the end of September 2008, I went to Moscow and sat down with Russian hedge fund managers and the CEO of the Russian stock exchange (RTS) to discuss the impact and the outlook of the current crises for Russia. Together with the other BRIC countries, the extent of the losses and the vanishing of liquidity surprised international investors and locals alike.
The result of that meeting is this Opalesque Russia Roundtable, a summary of our discussions which took place on Sept. 29th at the RTS Stock Exchange. We thank RTS for sponsoring this Opalesque Roundtable, where we united the following experts:
- Andrei Smirnov. founding partner of MARS Capital
- Oleg Jelezko, founding partner of DaVinci Capital
- Maxim Tishin, Senior Portfolio Manager at UFG Asset Management
- Roman Goryunov, CEO of Russian Trading System Stock Exchange (RTS)
- James Fenkner, founding partner of Red Star Asset Management
- Andrei Ivanov, partner at ARBIC
- Kevin Dougherty, portfolio manager at Pharos Financial Group
In this Roundtable Script, you will learn:
- How do Russian hedge fund managers cope with the severe losses that the Russian markets incurred?
- What is their outlook? Where are the best opportunities now? Which strategies still work?
- What is behind the disappearing liquidity?
- How did the Russian financial infrastructure cope with the events? How will the market infrastructure further develop?
- What are the latest developments in the Russian pension system and the concept of a qualified investor?
- How has corporate governance developed? How do local Russian managers judge the level of governance? What are their issues when investing in domestic small, mid and large cap firms?
- Is Russia's fate inescapably linked to commodities? What are the opportunities beyond commodities?
- What hedge fund strategies can be played in Russia?
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