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 […]
Read MoreMost 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 […]
Read MoreIn 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 […]
Read MoreDrawing 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 […]
Read MoreDrawing 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. […]
Read MoreMost 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 […]
Read MoreDuring 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, […]
Read MoreEconomic 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 […]
Read MoreThe 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 […]
Read MoreRussian 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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