RDIF Means Local Presence for New Investors

Kirill Dmitriyev ST. PETERSBURG — Heads of the biggest international equity funds and foreign companies investing locally greeted the details of President Dmitry Medvedev’s new sovereign investment fund with enthusiasm, seeing it as a vehicle to reduce risks and attract investors who don’t have a local presence. The mechanics of the Russian Direct Investment Fund, or RDIF — which is expected to receive up to $10 […]