Fund manager in swipe at west on Russia sanctions | beyondbrics

Fund manager in swipe at west on Russia sanctions | beyondbrics:



"One of the most powerful emerging markets fund managers in the US is accusing the west of acting “capriciously” by imposing sanctions on Russia.



Justin Leverenz, who controls the $42.3bn Oppenheimer Developing Markets fund, and who has put 7.2 per cent of his fund into Russian stocks, questioned the wisdom and the motives of a confrontation with the Kremlin over the Ukraine.



“It’s a significantly misdirected policy,” he said of US and European sanctions, in a video interview with the Financial Times."



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