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Bumpy ride at the fund-fair
Nicholas Watson and Ben Aris
Mon, 1st Sep --
Most experts seem to believe the bottom of the US housing market will be hit in the last quarter of this year or the first quarter of 2009, and that should be a clear signal for the market as a whole that the worst is over. Until then, it's expected to keep remain a bumpy ride for CEE funds.
INTERVIEW: Mobius says all to play for in Turkey
David O'Byrne in Istanbul
Mon, 1st Sep --
It's a little known fact that the Turkish language is particularly rich in proverbs. And arguably none more aptly describes the 15-year relationship between the man known worldwide as "the guru of emerging markets," Mark Mobius, and the Turkish economy than "Patience is the key to paradise."
East Capital Russian Fund celebrates 10th birthday
Ben Aris in Berlin
Mon, 1st Sep --
As the East Capital Russia Fund celebrates its 10th birthday, investors have enjoyed a total return of over 2,000%.
Few Poles dancing for mutual funds
Nicholas Watson in Prague
Mon, 1st Sep --
What has gone wrong with Polish mutual funds? Part of the answer lies in the fact that one of the main pillars on which the fund industry's success over the last few years was built, contained the seeds of its own destruction.
INTERVIEW: Renaissance Investment looks to riches of the CIS
Jason Corcoran in Moscow
Mon, 1st Sep --
Andrei Movchan, founding chief executive and co-head of Renaissance Investment Management, is banking on his bulging Rolodex of rich clients to help his firm emerge from the long shadow cast by its investment banking stable-mate, Renaissance Capital.
Centras builds up Kazakh private equity business
Clare Nuttall in Almaty
Mon, 1st Sep --
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COMMENT: Certainly no summer doldrums in Kazakhstan
Michael Carter of Visor Capital
Mon, 1st Sep --
Volatile markets have not been the only excitement in Kazakhstan this summer. Investors are trying to digest the impact of the sell-off in commodities, trying to guess its impact on the banking sector, witnessing the development of the national mining sector champion, as well as trying to understand the impact of the expected new tax law and a new natural resources law.
INTERVIEW: Russia's mortgage man builds financial supermarket
Ben Aris in Moscow
Mon, 1st Sep --
Few foreigners are more at home in Russia's chaotic banking business than James Cook, who has a good claim on the title, "Father of Russia's Mortgage Business.€
Georgia's consumer sectors targeted by G&T Capital fund
Matthew Collin in Tbilisi
Mon, 1st Sep --
Because Georgian law doesn't recognise investment funds, Galt & Taggart Capital is structured as a company and listed on the Georgian stock exchange, but operates like a "quasi-fund."
Bulgarian REITs watch and wait
Nadia Damon in Sofia
Mon, 1st Sep --
Bulgaria's progress in reducing the rampant corruption that the European Commission recently condemned has become a key factor in the future success of REITs.
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