Source Pravda.Ru

New oil and gas fund launched

Prosperity Capital Management, one of the top Western Russia-dedicated funds, said on Thursday it was launching a new open-ended oil and gas fund to help global oil investors tap the country's vast energy wealth. "It's directed mainly to fairly large institutions who have a sector focus, who have someone responsible for oil and may not be able to buy a (general) fund but can buy an oil fund," said Chief Investment Officer Mattias Westman, whose funds are ranked as some of the world's best performers.

The new fund, which should help non-emerging markets funds get a foothold in Russia, will be co-managed by Alexander Branis, who also co-manages a utilities fund and sits on the board of Ruissia's national energy grid RAO UES. Among potential top picks, Westman said Prosperity's current funds included large positions in oil majors YUKOS and Sibneft, as well as preferred shares in Surgutneftegaz and companies in the TNK group, the Russia Journal reported.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to raise sunken floating dock
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Brexit: The UK's misunderstanding of Democracy
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
MP suggests replacing Lenin's mummy with rubber figure
Russian Navy admiral says Russia will torpedo US warships, if need be
The horror story called Brazil: Murder and destruction
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Why Trump tries to re-industrialize America