In 1999, the entire Russian stock market had a value of only $40 billion 's equivalent to that of Gillette, the world's largest razor company. Now the value of the Russian stock market is $1.3 trillion. "This is why fund managers like Putin," explained the head of research at a brokerage firm, as our group of fund managers enjoyed our lunches in his 50th floor Moscow offices.For two days last week I was part of a group of European fund managers meeting Russian companies and economists. The surprise for me was how "normal" these Russian companies were, speaking the same language as compa...
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