Finance

I used to work at a mutual fund, but I find the world of less regulated hedge funds so much more interesting. You'll find plenty more in my debut novel LIONS.

Tuesday, 03 March 2015 11:02

Investing in the Wild East

Those who know my writing know that I follow the world of finance quite closely, and that I take a special interest in it. On top of this, investing in Russia is a particular delicious favorite, with my debut novel LIONS featuring a few adventures of this sort.

When I first started in the mutual fund world, I had to take a course at the New England College of Finance and wrote a paper about Russia's investment climate in the 90s. In the course of my research, I couldn't believe my eyes about some of what happened.

The days after the breakup of the Soviet Union were like the Wild West of investing. There were zero protections. People would set up mutual funds, let the money pour in over six months, and then simply disappear. Common sense is the best investor protection, but of course the Soviet system didn't exactly reward independent thought.

So it was with interest that I saw this blog about the release of William Browder's book Red Notice. I'll have to put it on my reading list. It features an ambitious fund, an ambitious fund manager, and tales of investing without looking back. Finally heartbreak, theft and murder win the day when Russia's powers that be dilute the American's investment, expropriate his fund, and beat his tax accountant to death.

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