Tags: Russia
HSBC Clamps Down on Browder and Hermitage Russia Fund
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
Oktogo.ru receives $11million from New Venture Capital Funding
Oktogo.ru receives capital infusion from consortium headed by Victor Sazhin. Oktogo. ru, receives an $11million funding infusion from a new group of venture capitalists.
Morgan Stanley Purchases Mall
Morgan Stanley purchases Russian Mall for US$1.2 billion. Morgan Stanley Real Estate Investing, the fund manager's property arm has recently purchased Metropolis Shopping Mall located in northwestern Moscow.
Sovereign, buyout funds take tentative steps in Russia
Major private equity and sovereign wealth funds on Thursday took tentative first steps to invest in Russia.
