Thursday 24 April 2014

Russian Brokers Gain From Crisis, Profits So Rich They're Trading From the Beach - Bloomberg

Russian Brokers Gain From Crisis, Profits So Rich They're Trading From the Beach - Bloomberg:



"It was a vacation that Russian stock broker Alexander Antipov said he dreamt about for two decades: a tropical getaway from the harsh Moscow winter to the white-sand beaches of Acapulco, Mexico.



Yet as Antipov, the head of sales at Moscow-based Veles Capital LLC, settled into the Park Royal hotel with his family last month, his mobile phone kept ringing. Clients were unnerved by President Vladimir Putin’s push into Ukraine and wanted to know if they should sell as stocks sank. Antipov fell into an odd schedule -- trading by night from the hotel balcony to avoid waking his kids as markets opened about 7,000 miles away in Moscow and napping during the day.



“It felt surreal,” Antipov, 40, said in an April 15 phone interview from Veles, a brokerage firm founded in 1995. “Most of my clients were selling. Some had the courage to buy.”"



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