Hermitage’s Russian Adventures

Posted by Greg Michaels, Oct 13, 2009, 11:22am

With some forecasts placing crude oil back in the triple digits next year, investors betting on commodity dependent Russia look set to cash in over the medium term. That is unless you’re Hermitage Capital Management and after setting up shop in Moscow in 1996 to focus on the Russian equity market, you’ve allegedly been victimized by some of the alternative methods Russian authorities utilize to the degree where nothing short of a public plea for justice will do. In which case you put together a 10 minute YouTube clip worthy of a Bourne sequel. Like this one.

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