A former Morgan Stanley wealth manager, Hamid Ladjevardi, who is now chairman of American Baltic Investments and a distinguished philanthropist, saw great potential for economic, business, and cultural development in the Baltics during the early 1990s. So in 1994 he resigned from Morgan Stanley to establish, along with his business partner, the first and largest Riga-based private equity fund for the Baltic countries, Baltic Fund 1, L.P. Mr Ladjevardi, who has been a Latvian resident since 2003, kindly agreed to take The Baltic Times questions.
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