investment
ANALYSIS: Kazakhstan’s first restructuring fund open for business
(bne) - After a first close on $100 million in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country.
ANALYSIS: Kazakh financial sector returns to pre-crisis agenda
(bne) - With rising commodity prices lifting the economy in the final months of last year, there is a sense of things returning to normal in Kazakhstan.
Foreign investors remain skeptical about Kazakhstan
(bne) - Kazakhstan-focused funds suffered big losses over the past year. But even with stock prices now rebounding, it’s proving difficult to attract international investors, who remain sceptical about the country’s prospects.
AmCham voices concerns over corruption and investment climate in Kazakhstan
(SRI) - American Chamber of Commerce president criticized corruption in Kazakhstan and said foreign investors were concerned with the investment climate in the country, local media reported.
ANALYSIS: Tengry Finance sees better times ahead in Kazakhstan
(bne) - Tengry Finance has been active in the Kazakh financial services market for 12 years. After a buyout in 2008, the firm became the most active investor on Kazakhstan’s securities market. It has now adapted its strategy to crisis conditions.
Fixed capital investment down almost 10 percent in first two months of 2009
(SRI) - Fixed capital investment in Kazakhstan totaled KZT343.055 billion in January and February 2009, a decrease of 9.7 percent compared to the same period last year, Interfax reported citing the State Statistics Agency.
ANALYSIS: Financial crisis reveals weaknesses of Kazakhstan’s stock market
(SRI) - Renaissance Capital launched the Rencasia Index at the beginning of this year to provide its clients with exposure to the booming Central Asian, though mainly Kazakh, markets. Since then, the index lost more than two thirds of its value, mirroring Kazakhstan’s fall from grace in the eyes of international investors.
ANALYSIS: Seven Rivers to cross into venture capital
(bne) - Almaty-based asset management firm Seven Rivers Capital has a finger in a number of pies. Already the manager of the multi-billion-dollar G4 City project and the Hanwha Kazakhstan fund, its newest vehicle, the LogyCom Perspective Innovations fund, represents its first foray into venture capital.
ANALYSIS: Sturgeon Fund: Fishing for returns around the Caspian
(bne ) - Clemente Cappello doesn’t mind when Azeris laugh at the name he picked for his fund. The Sturgeon Fund was named after the fish that is an emblem of the Caspian region. The sturgeon’s production of valuable caviar is, he says, a metaphor for the fund’s strategy of extracting value from the region.
ANALYSIS: Kazakh market drops as investors turn tail
The darling of the emerging markets only a year ago, Kazakhstan’s young stock market is proving unable to withstand the global tide of selling as emerging market investors turn tail and flee.
