Jan
31
Russia’s Swings Are Making This Hedge Fund Manager Lots of Money
By-
Ecelbrus’s Khmelnitski buying Sberbank, Lukoil and Gazprom
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Volatility is great `when you know how to play it,’ he says
Price swings in the Russian market, now the most volatile in the world, have been a curse for many a foreign investors. Not Ecelbrus Capital Investments Ltd.’s Anton Khmelnitski.
In mid-January, when volatility in Russian equities hit levels unseen since the August global rout, he decided it was the best time to buy. Over the past 12 months he has boosted his position in the country’s stocks from 8 to 60 percent of his portfolio…
Russia’s Swings Are Making This Hedge Fund Manager Lots of Money
