Russia as Myth and Legend

Russia as Myth and Legend

With gratitude to Byron Hood and Mark Adomanis, I was happy to read Mr. Adomanis’s Forbes article that Russia is not doing several things that many people believe it’s doing: It’s not spending lavishly on its defense budget (rather it spends a smaller percentage of GDP on defense than the United States). It’s not drinking […]

Russia’s Future: Energy, Elites, Emigration?

Russia’s Future: Energy, Elites, Emigration?

Russia has three major problems, according to a new report issued by the World Economic Forum in Davos: the future of energy prices and their impact on the Russian economy, a weak political institutional environment, and a profound lack of social cohesion. The country’s ability to deal with these major problems will depend, according to […]

New Year, New Opportunities

New Year, New Opportunities

2012 is in the books. 2013 shows remarkable promise for specific investment strategies in the alternatives space. In particular, we continue to like growth industries (such as healthcare) in growth economies (such as Russia/CIS), and we are comfortable with liquid and illiquid opportunities to generate cash flow and strong returns. In stable economies, we like […]