In November, the Fund had a slightly negative performance of 1.76%, although it did outperform, by a notch, the “pure Russia” indices, such as MICEX, which dropped 1.92%. Nevertheless, the […]
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Most observers agree that after making generous promises during the presidential election campaign, Vladimir Putin has finally realized that Gazprom is no longer the state’s cash cow. In October, he […]
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In August, the Fund had a slightly negative performance of 2.5%, after positioning itself for a QE3 announcement of then unknown timing. The Fund’s overall constructive positioning, however, was of […]
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Drawing by Niyaz Karim Just before the start of the recent G20 summit in Los Cabos, Mexico, economists at the Brookings Institution announced that policy paralysis was hitting the global […]
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Drawing by Niyaz Karim In possibly his last address to the State Council, Dmitry Medvedev announced big plans for Russia’s economic future, but as usual, the key lies in implementation. […]
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Most observers rightly argue that not only have the go-go years ended, but that Russia’s economy also faces major threats going forward. One scenario, based on low oil prices combined […]
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During a meeting of the Presidential Anti–Corruption Council on March 13, Dmitry Medvedev announced that Russia had to put lobbying onto a solid legal footing. According to the Kremlin’s website, […]
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Economic prosperity has led to political activism in Russia, but the financial situation of many Russians remains precarious, and Putin may not be able to follow through on his promises […]
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The Russian government has proposed that all state-owned companies pay out the same level of dividends, but this is contrary to the behavior of companies in the free market. The […]
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Russian businessmen in Davos were happy to talk about how Western investors have Russia all wrong, but were they really missing the point? At the World Economic Forum in Davos […]
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