Around 2007, Tim Rogers — Valartis’ MC Russian Market Fund PM — said something very interesting about prospects in Russia. He thought the days of making a killing just by picking under-appreciated Russian companies (i.e., pretty much any Russian company) were pretty much gone after the third level of privatizations.
Henceforth, the managers would have to make money the hard way: by really working on picking the few remaining gems. He’s no longer at Valartis, but it would be interesting to see how he would manage now. Continue reading “Trade Notes: Stay Long Russia or Edge Towards the Door?”