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MOSCOW () -- Foreign portfolio investments in Russia in 1994 peaked at $230 million a month in September but fell steadily to $150 million in October, $90 million in November and $50 million in December, a market official said.
Dmitry Vasilyev, deputy chairman of the government Securities and Exchange Commission, told a news conference Wednesday that high-risk hedge funds had already bought plenty of Russian shares and it was time to lure more conservative institutional investors such as big banks and pension funds.
Foreign Investment Dip
26 January 1995
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