From Russia... with gloves on
Shareholder activism in Russia has historically been a distinctly dangerous pastime, but for investors in The Hermitage Fund and its manager William Browder, it has produced returns of 990% since 1996.
When your grandfather was educated at the heart of the USSR before returning to the US to head the Communist Party of America in the early 1930s, you can bet your family is used to putting up a good fight.
So standing up for what you believe - on the investment front among others - is nothing new to William Browder, who has retraced the steps of his grandfather, Earl Browder, to Moscow at least, where he is chief executive officer of the largest Russian equity hedge fund, Hermitage Capital
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