Russia's capitalist markets turn red
Volatility in Russia's stock markets is not a new phenomenon, but the confluence of war in Georgia plus a perception of additional government intervention have resulted in a sudden precipitous fall in the Russian index.
The $2 billion East Capital Russian fund was up 20-fold in 10 years from early 1998 to May 2008. Since then, markets have swooned. AsianInvestor spoke to Michael Hanson Lawson, who heads East Capital in Hong Kong. East Capital is a Stockholm-based fund management and private equity firm with approximately $7 billion under management.What has happened to Russian markets since May 2008?The Russian markets have had a series of bad news. It started with an argument about the 50/50 shareho…
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