Wild tale of hedge fund in Russia

You might have thought the days of the Wild East were over. Apparently not. Business Week Online offers a rather shocking story of how one hedge fund--the largest Western fund in Russia, no less--was the target of an elaborate ruse that was aided and abetted by government officials. In one raid, a lawyer was severely beaten. Hermitage Capital Management has gone public with its sad tale about rogue agents trying to shake it and its subsidiaries down. Fortunately, it was able to transfer all of its assets out of the country, but not without a lot of pain.  

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