Renaissance Asset’s Fixed Income Head Elena Kolchina LeavingJason Corcoran
Elena Kolchina, head of fixed income at Renaissance Asset Managers, said she is leaving the Moscow investment firm following its acquisition by Kazimir Partners.
Kolchina, who joined nine years ago from ING Groep NV, will start in “a new place” on July 1, she said in e-mailed comments, without providing further details. Mary Zerner, a London-based spokeswoman for Renaissance, declined to comment.
Kazimir, a hedge-fund firm focusing on Russia and the former Soviet Union nations, bought the fund manager in March from founder Stephen Jennings, whose Renaissance Capital investment bank has been dismantled over the past year. Started in 2003, Renaissance Asset Managers employs more than 50 people and oversees $2.8 billion in emerging markets, according to its website.
Kazimir Partners was founded in 2002 by Frank Mosier and Dmitri Kryukov, both former senior executives at RenCap. It’s currently merging its team and funds with those of Renaissance, which focused on Russia, eastern Europe and Africa.
Jennings left Renaissance Capital in November after his billionaire partner, Mikhail Prokhorov, rebuffed requests for additional cash. A New Zealand native, Jennings surrendered his stake in RenCap and kept control of Renaissance Asset, urban development projects in Africa, consumer lending in Nigeria and real estate funds in Russia.