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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Russia may outsource sovereign funds management

Posted on 05 February 2013

Russia’s Finance Ministry may hire private companies to manage part of the country’s fiscal reserves, Deputy Finance Minister Sergei Storchak wrote in business daily Vedomosti on Monday.
Storchak said that three Russian investment banks - VTB Capital , Troika Dialog and Renaissance Capital could qualify as fiduciary managers, as they are “leaders on the market of such operations.” Troika Dialog was rebranded as Sberbank CIB last year following its acquisition by Sberbank, Russia’s largest bank…………………………………….Full Article: Source


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