Renaissance Listing Russia Fund in London to Tap Olympics

Renaissance Asset Managers plans to list its Russian infrastructure fund on the London Stock Exchange next week to tap into investor interest abroad as constructions ramps up before the Winter Olympics in 2014 and the soccer World Cup four years later.

The Renaissance Russia Infrastructure fund, which invests in shares of Russian construction, transport, engineering and real estate companies, returned 22 percent last year and will will list on July 20, Takouhi Tchertchian, who manages the $188 million-fund, said in an interview in London yesterday. Russia’s Micex Index rose 23 percent in that period, according to Bloomberg data.