The rise and fall of Hermitage Capital inside Russia.
The manager of Hermitage Capital - which was once the most profitable investment vehicle in Russia tells the story of their rise and fall.
On October 11, 2010, a Bloomberg Business Week article titled Schwarzenegger Says Russia is Gold Mine for Investorssaid that Governor Schwarzenegger met Russian President Dmitry Medvedev for the second time in half a year and has embraced the Russian leader’s plan to recreate a Silicon Valley in a suburb outside of Moscow. Governor Schwarzenegger compared Russia to a gold mine of economic opportunity as he led a trade mission to Moscow. But there is price for the opportunity. Zealous government oversight and corruption continue to plague even the most stable developing market.
This is the price. Click here to watch the entire video - it is 40 minutes long, but it is worth watching.
