Money Managers Are Rushing To Russia
Skipping lunch, Sergei V. Matrenok hops on the Moscow metro to Credit Suisse Investment Funds' new sales office on the ground floor of a Stalin-era skyscraper on Kudrinskaya Square. Under crystal chandeliers and gilded ceilings that Credit Suisse spent nearly $1 million to renovate, 12 clerks sit at computers taking orders. In half an hour, Matrenok, 36, is on his way back to his desk at Lipetsk Bank, a certificate for $4,000 worth of shares in the Swiss bank's Large-Cap Equity Fund in his pocket. Says Matrenok: "If you want to make money, you have to invest in the stock market."
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