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Filling the founder's shoes.
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- Abstract:
The article focuses on hedge funds in Russia. The hedge funds usually execute their trades through one of the top six brokers in Russia. Most of the action, even between Russian parties, takes place outside Russia. A hedge fund signs a purchase/sale contract in New York. The stocks are either dollar-priced or dollar-indexed. The fund wires funds from its company to a Russian bank. To get the shares registered on company books, a stockbroker, and a Russia-based law firm or one of the independent share registry services are required.
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