Money Managers Are Rushing To Russia

They're chasing billions held in small stashes

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."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.