Mastering The Art Of The Deal

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Burned in Russia? Join the club. Even George Soros has lost a bundle. So how have Mikhail A. Filimonov and Dimitri A. Sogoloff made a 7% return on their $24 million Russian investment portfolio this year--on top of a 31% gain in 1994?

It's not just good fortune. Filimonov, 38, and Sogoloff, 33, managing directors of Hermes Capital Management Ltd., are Soviet-born New Yorkers with more than a decade's experience on Wall Street. As such, they seem to have acquired special insight into Russia's tricky markets.