There are lots of reasons why a prominent hedge fund manager might wish to beat a hasty retreat from Moscow. Perhaps he’s not comfortable with Russia’s liberation of all of those Ukrainians. Perhaps he failed to go along with alleged government plot to steal its money and wasn’t interested in taking up residence at Butryka Prison. Perhaps president-or-prime-minister-for-life Vladimir Putin has ominously stopped returning his calls.
Or perhaps he just stole all of his investors’ money and thinks Miami is a better place to spend it than the Crimea.
Blackfield Capital, considered one of the leaders in the Russian market on algorithmic trading, is suddenly left without leadership after CEO Kim Karapetyan (who before worked at Morgan Stanley as portfolio manager), as well as the founder Vaginak Mkhitaryan suddenly stopped coming to office and were not available any more for investors….
According Ghushian, he had $ 20 million under management, which have been transferred into newly established funds in the Cayman Islands. Where the funds are now is unknown.
Russian hedge fund Blackfield Capital left without money and leadership [Opalesque]
Forbes Russia article [in Russian]