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Red Notice
Book

Red Notice

A True Story of High Finance, Murder, and One Man’s Fight for Justice

Simon & Schuster, 2015 подробнее...


Editorial Rating

9

Qualities

  • Innovative

Recommendation

Hedge fund manager Bill Browder lived in Moscow for years and made huge returns, lost it all in the ruble crisis in 1998 and made much of it back again investing in the Gazprom oil company. When he revealed the way Russian fat cats looted Gazprom, oligarchs and crooked bureaucrats who didn’t take kindly to criticism from a foreigner forced him out of the country. Authorities imprisoned Browder’s Russian attorney, and police beat the lawyer to death. This fascinating tale is one-sided, but readers who’ve followed Russia’s brutal kleptocracy will find Browder credible. getAbstract recommends his saga – nonfiction that reads like a thriller – to multinational managers and investors seeking insight into an important but troubled part of the world.

Take-Aways

  • In the 1990s, American-born investment manager Bill Browder launched the Hermitage Fund, a hedge fund, in post-communist Russia.
  • His fund had stellar results until it lost 90% of its value in the Asian financial crisis.
  • Browder stayed in Moscow to try to earn back his clients’ money.

About the Author

Bill Browder, founder and CEO of Hermitage Capital Management, was the largest foreign investor in Russia until 2005.


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