Posted: April 1, 2008

Troika To Manage $6 Billion For Russia State Nanotechnology Co.

(Nanowerk News) Moscow-based Troika Dialogue Asset Management said Tuesday it has been hired to manage $6 billion of funds held by Russia's state nanotechnology investment company.
"The role of Troika Dialogue will be to deploy the money before it is invested in nanotechnology," the asset manager's President Pavel Teplukhin told Dow Jones Newswires at a conference in Singapore.
Russian Corporation of Nanotechnologies will entrust Troika Dialogue with the funds later this month, and the asset manager will invest mainly in the Russian bond market, Teplukhin said.
The new mandate will more than double the asset manager's current portfolio, which now totals about $5 billion.
Teplukhin said Troika will be paid a fixed annual management fee and there will be no performance-based compensation.
Troika Dialogue Asset Management is a unit of privately-held investment bank Troika Dialogue Group.
Source: Dow Jones
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