Lord Skidelsky, the historian and biographer of John Maynard Keynes, is planning to quit the board of a hedge fund that lost most of its value after investing in Russian assets, including the Moscow-based Wild Orchid lingerie chain.
Another eminent figure planning to leave the board of Frankfurt-based Wermuth Asset Management’s Greater Europe fund is Garret FitzGerald, the 83-year-old former Irish Taoiseach, who has health problems.
The two Russophiles are part of a five-man board at Wermuth’s Greater Europe fund, which is set to be replaced this year, as the hedge fund adapts to its vastly shrunken value and sharply lower annual fee income.
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