In Murky Russia, One Investor Finds Value in Thinking Small
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Aleksei A. Kozlov, a Russian private equity investor, in Moscow last month. CreditJames Hill for The New York Times
MOSCOW — There’s no doubt Russia is a country with grandeur in its scale, sweeping across 11 time zones and home to gargantuan oil, gas and mining companies.
The country’s wealthy also have a reputation for living large and taking risky bets. But in the economic swoon today, getting by as an investor, says one wealthy Russian in the capital, means thinking small.
“In the past two years, Russia has changed quite a bit,” said Aleksei A. Kozlov, a partner in a private equity firm. “Before we invested in simple things like stocks and large company debt, but we changed strategy because the risk just wasn’t justified.”…
In Murky Russia, One Investor Finds Value in Thinking Small
