Tuesday, July 24, 2018

Hermitage Capital Management

Via comment by Peggy  on Putin: US Intelligence Helped Move $400,000,000 to...

Money-Plane NY Mag 1996 Cover


 William Felix Browder is all over the news trying to play into the whole Russian/Trump affair muddling the waters. Browder founded Hermitage Capital to invest exclusively in Russian companies. Edmond Safra, the notorious banker who was the center of what was called the Money Plane, put in $25m of seed capital for Hermitage Capital and Safra’s Republic National Bank of New York controlled it. This was the Russian deal I was being asked to join. When HSBC bought Republic National, Browder embarked on a series of shared deals which has left him with complete ownership because the whole Hermitage Capital deal was at the center of a real political controversy many were trying to bury.


  1. Interesting article. I have long wondered about Browder. He has certainly played the role of victim. What wasn't explained is that when the Soviet Union collapsed, the national assets were divided up by powerful men called oligarchs. Khodorkovsky is one of them. Roman Abramovich, who owns the Chelsea Football Club is another. The oligarchs tended to become billionaires. Corruption was pervasive.