Economics
Bet on Russian Pariah Rusal Pays Off Big Time for This Investor
- Rusal, now free of sanctions, has risen 162% since April
- Kingsferry couldn’t find international broker for buy order
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When United Co. Rusal’s stock gained overnight pariah status in April after the U.S. slapped sanctions on Russian billionaire Oleg Deripaska’s core empire, one investment manager saw a buying opportunity.
Now, Kingsferry Capital Management Group Ltd. is bathing in the glory.