Pharos, part of the Pharos Financial Group of companies and a specialist emerging markets fund manager, has opened an office in Dubai despite the collapse in Russian stock prices this year, becoming the first fund manager with a RussiaCIS focus to join the DIFC.
At this stage, the Middle East, rather than Asia, is a more obvious source of cash willing to diversify into Russian shares trading at distressed valuations, Kevin Dougherty, a...
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