§ Risk management is the key to succeeding in Russia
With corruption levels to rival Libya and Somalia, Russia looks like a lousy place to do business, but Peter Halloran, CEO of Pharos Financial Group and manager of the Pharos Russia Fund, says the country is a land of opportunity. The key for investors, Halloran says, is to take market returns while avoiding the rare but dramatic blowups caused by corrupt managers and political clashes. "Yukos doesn't happen to everybody. You can anticipate these things and get out of the way," he says. Barron's (free content) (2/26)
With corruption levels to rival Libya and Somalia, Russia looks like a lousy place to do business, but Peter Halloran, CEO of Pharos Financial Group and manager of the Pharos Russia Fund, says the country is a land of opportunity. The key for investors, Halloran says, is to take market returns while avoiding the rare but dramatic blowups caused by corrupt managers and political clashes. "Yukos doesn't happen to everybody. You can anticipate these things and get out of the way," he says. Barron's (free content) (2/26)
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