Wednesday, June 1, 2011

Sberbank to invest in an international investment fund $ 100 million

Savings Bank and the Swiss bank Credit Suisse plans to establish a joint investment fund. It is reported by Bloomberg on Monday, April 18, referring to the head of the State Bank, German Gref. In the future, the founders of the fund, whose name has not yet been reported, intend to attract private capital to $ 1 billion fund will start work by end of 2011. The founders will contribute $ 100 billion "This is an important way to attract direct investment in Russia", - quotes Bloomberg German Gref. According to him, the projects the fund will develop a variety of industries. Fund's portfolio, according to the head of the Savings Bank will be "the most diversified." The agency recalled that the Russian government has been actively taking measures to attract foreign investors into the Russian economy. For example, on the basis of Vnesheconombank now creates a fund to which the Kremlin is planning to invest over five years, about $ 10 billion, according to a study of the International Association of private investors in emerging markets (EMPEA), starting 2008, Russian investment funds attracted $ 1.4 billion capital . During the same period, Chinese investment funds attracted $ 28.6 billion, Indian - $ 15 billion, the Brazilian - $ 5 billion in Raleigh created the fund are distributed as follows: Sberbank will search for investment projects, and Credit Suisse - to raise funds and manage risk.

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