News

Letter: Distressed funds still have role to play in Russia assets

I disagree with Patrick Jenkins’ article “Russia investors should put morals ahead of profiteering” (Opinion, March 29).

No one is advocating giving more capital to Russia-linked companies or the Russian government. Trading in the secondary market simply provides liquidity for the investors who need to depart for various reasons. Some of those investors will have become distressed themselves as a result of the war.

So, you are advocating that investors should have known that Vladimir Putin would invade Ukraine before even his own army knew and if they didn’t, then they should have no way of trying to extricate themselves from the problem.

I know of investors whose lives have been ruined by this war.

Carl George
Pivot Capital Management (Monaco)
Monaco

Letter in response to this letter:

A few crocodile tears for investors hit by the war / From Carol Wilcox, Christchurch, Dorset, UK

Articles You May Like

The Reasons Behind Support and Resistance
California’s revenue rollercoaster hits another blip
Twitter’s $5bn-a-year business hit as Elon Musk clashes with advertisers
Crypto awakening: Researcher explains ETH exodus from exchanges
PREPA bondholders stake claim to future revenues