33 articles found within the last year.
Displaying results 1 - 20
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Soros-backed Russia manager moves to Dubai
Pharos Financial Advisors, founded on seed capital from ... Pharos intends to retain its existing portfolio management ... Yesterday UBS launched its first buyout fund focused ... Peter Halloran, founder of the Pharos Financial Group, ... "We are developing products to target investors in...
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Swiss banks hold up in tough market
Swiss banks have had an interesting history in ... The top ranks of investment bankers in Russia ... UBS was one of the first banks to ... Despite this distinguished history, both banks lost ground ... The crisis in the Russian market has highlighted ... Steve Meehan, head of UBS in Russia, said:...
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Deutsche hits second billionaire with margin call
Deutsche Bank has hit a second Russian businessmen ... Alexander Zanadvorov, the owner of Russian supermarket chain ... Seventh Continent shares have lost half their value ... Zanadvorov had used his holding in Seventh Continent ... Deutsche Bank last month came close to taking...
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Russian hedge funds face threat of closure
The closure of a Russian hedge fund run ... It is estimated about 70 hedge funds are ... The closure of Florin FSU Credit Opportunities Fund, ... Florin’s principals Neil Smith and Aidan Freyne are ... Smith was previously head of alternative investments at ... Smith said: “Credit has been a difficult space...
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October 'worst month on record' for stock markets
October was the worst month for world stock ... The terrible performance in October means the world's ... The worst-performing market this year of the 52 ... Other hard-hit markets, which have dropped more than ... In general terms, emerging markets fell less than ... Howard Silverblatt, senior index analyst at Standard &...
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Russia tosses life preserver to one of its richest men
The Kremlin is stepping in to bail out ... People close to the situation said that on ... Alfa's difficulties had triggered concerns among investors who ... The Kremlin's move comes as a number of ... The situation is a twist on the recent ... Banks like Deutsche also find themselves in a...
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Oligarchs to keep mobile operator stake despite $1.5bn margin call
The investment company of two of Russia’s richest ... According to research from Unicredit, Altimo, which is ... Altimo declined to comment on the margin call, ... The firm has a further $500m loan outstanding ... “We view the worst-case scenario of Vimpelcom changing...
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HSBC launches private bank in Russia
British bank HSBC is defying the economic gloom ... John Nicholls, deputy chief executive of HSBC Russia, ... Speaking at the annual Russo-British Chamber of Commerce ... "We will be opening retail branches in Moscow ... The launch of HSBC's private baking in operation...
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Billionaire looks for VTB loan after margin call
One of Russia’s richest men is attempting to ... Alisher Usmanov is attempting to secure a loan ... The Dresdner margin call follows a collapse in ... This morning a 1.5% stake in Gazprom was ... Usmanov, who has a fortune of $9.3bn, according ... Deripaska has so far been served with margins...
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Russia falls as 'darling' of emerging market investors
Russian assets have dramatically turned from being the ... Commerzbank analysts wrote in the report entitled, Russia ... The escalation of the credit crunch in the ... Michael Ganske, Commerzbank analyst, said Russia is trying ... But unlike the US, where there has been ... “We are clearly in a distressed market...
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Russia’s richest man feeling the pressure after BNP Paribas margin call
Russia’s richest man, Oleg Deripaska, has been forced ... Deripaska has handed a 20% stake in Canada’s ... Moscow-based analysts at UniCredit said the decision of ... They wrote: “Apparently, Deripaska chose not to use ... Separately, the analysts also said that metals and...
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Russian IPO slump worsens
The slump in Russia's equity capital markets deepened ... So far this year, there have been only ... The scale of the market setback has been ... The situation was worse than for Europe in ... The only Russian float in the third quarter ... The news that the US Senate had approved...
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Russian oligarchs suffer $42bn losses
Russian oligarchs are nursing paper losses of $42bn ... US publication Forbes calculated the net worth of ... The Russian stock markets have since fallen 50% ... The greatest losses were suffered by Vladimir Lisin, ... The next biggest loser has been chairman of ... Vagit Alekperov, president and one of the biggest...
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RenCap sells 50% stake to billionaire Prokhorov
Russian investment bank Renaissance Capital has given up ... Renaissance and the Onexim investment vehicle owned by ... The deal follows a week when market turmoil ... A Moscow spokesman for Renaissance said the deal ... A hastily arranged press conference featuring Prokhorov and...
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Russian equity collapse causes market suspension
Russia's two main stock exchanges were was forced ... The RTS Index closed an hour early yesterday ... Russia's other exchange also suspended trading after the ... The steep fall in RTS follows the already ... While the collapse of the US bank on ... RTS's falls this past week has followed previous...
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Analysts fear contagion as first Russian broker fails
Russian brokerage KIT is holding talks with strategic ... KIT, a second tier investment bank, was forced ... A KIT spokeswoman declined to comment and said ... Analysts said KIT's problems were contagious and the ... David Nangle, director of financial research at Renaissance...
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VTB hires UBS Moscow-based sales head
The investment banking arm of state-owned Russian financial ... Nikolai Medvedev, head of international sales at UBS, ... Medvedev started his career at Moscow-based broker Brunswick, ... He is the second senior Moscow-based banker VTB ... VTB also said it had hired James Corrigan...
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VTB launches wealth management arm in Moscow
VTB, Russia's second largest bank, is launching a ... VTB, formerly Vneshtorgbank, officially launched the unit on ... The new private banking services will be aimed ... The move is part of a restructuring of ... The new unit will employ around 20 relationship ... A spokesman for VTB said: "The VIP market...
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Abramovich hires MDM director to run his fund
Millhouse, the investment vehicle of Russian oligarch Roman ... A spokesman for Millhouse said Pavel Natalich had ... Before working in the fund management unit of ... A source close to MDM said: “Pavel was ... Russian oligarchs are increasingly attracting talent to help...
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Foreign managers attracted to Russia by the region’s wealth
Russia’s crowded asset management arena is getting busier. ... Benelux’s Fortis, Germany’s Allianz, Italy’s Pioneer Investments, Austria’s ... Russia’s emerging middle class and a boom in ... Société Générale Asset Management, which manages more than ... Société Générale declined to comment on whether it...
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