Every cloud has a silver lining. With the international debt markets only now open to a select few Russian corporates, and with many Russian banks strapped for cash, there are plenty off opportunities for asset managers to lend to strong corporate credits at distressed debt-type margins.
That’s the rationale behind the Florin FSU Credit Opportunities Fund, launched in February by Florin Investment Management, which has generated a 10% year-to-date performance. Having started with an initial $100 million of seed capital from joint venture partner Trust Bank, one of the leading private banks in Russia, the fund has already attracted an additional $250 million of capital from a...
