Conferences Hedge Funds

Taking a dip into Russia while staying dry of oil and gas


At Troika-sponsored session, Absolute Return Symposium attendees exhorted to invest in Russia.

   Chris Weafer, Tim Seymour, Harvey Sawikin and Chris Osbourne (L-R). (Photo: Axel Dupeux)

Russia was on the agenda at the Absolute Return Symposium last week, as a group of hedge fund and regional executives pushed for delegates to take a holistic view of the country.

"The headlines that are generated by oil and gas contaminate what are investment opportunities in other parts of Russia," said Chris Weafer, chief strategist for Russian lender Sberbank CIB.

"Russia grows at any oil price -- it's just a matter of adjustment," concurred Chris Osborne, CEO of investment bank