Abramovich’s Billions Leave Hedge Funds With No Way Out

Bloomberg Markets and Finance published this video item, entitled “Abramovich’s Billions Leave Hedge Funds With No Way Out” – below is their description.

Sanctions against Russian billionaire Roman Abramovich have left more than 100 hedge funds and private equity firms that did business with Cayman Islands-based Concord Management unable to get rid of the tainted money or collect fees. Bloomberg’s Tom Metcalf has more.

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In This Story: Roman Abramovich

Roman Arkadyevich Abramovich is a Russian oligarch, billionaire, businessman, and politician. Abramovich is the primary owner of the private investment company Millhouse LLC, and is best known outside Russia as the owner of Chelsea F.C., a Premier League football club. He was formerly Governor of Chukotka Autonomous Okrug from 2000 to 2008. According to Forbes, Abramovich’s net worth was US$12.9 billion in 2019, making him the second-richest person in Israel, the eleventh-richest in Russia and the richest person in Portugal.

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