Richard Deitz

Richard Andrew Deitz (born August 1965) is an American hedge fund manager who is President, Founder, and Fund Manager of Moscow-based VR Capital and one of the founders of Renaissance Capital.[1][2][3][4]

Education

Deitz graduated with a degree in economics and history from Yale University in 1987.[5]

Career

Deitz started his career at The First Boston Corporation in 1987. From 1991-1995, he served as Managing Director at Credit Suisse International and in 1995, he cofounded Renaissance Capital.[5]

Deitz founded VR Capital in 1998.[6] VR Capital specializes in distressed debt in global emerging markets where bankruptcy and judiciary practices are suspect through its flagship fund, VR Global Partners, which oversees roughly $3 billion in onshore and offshore versions.[7][8] The fund has taken significant positions in State Savings Bank of Ukraine, Ukraine’s state-run energy company NAK Naftogaz Ukrainy and Russia’s Brunswick Rail.[5][9] In the first 10 months of 2010, VR Capital achieved a 49 percent return and in 2015, returned 14.7 percent, ranking 28th in the Bloomberg list of top-performing large hedge funds.[9]

Board memberships

He has served as a Commissioner of PT BFI Finance Indonesia Tbk since 2009 and also serves as a member of the board of advisors at The Yale School of Management.[5] He also serves of the President's Council on International Activities and on the Jackson Institute Council at Yale University.[6]

Personal life

Deitz is married to Marina Nacheva.[10]

References

  1. ↑ Richard Andrew Deitz. "Richard Andrew Deitz: Executive Profile & Biography - Businessweek". Bloomberg.com. Retrieved 2016-03-07.
  2. ↑ "NEW RUSSIAN INVESTMENT BUSINESS FORMED BY LEADING FINANCIAL MARKETS PROFESSIONAL - February 10,1999 /PR Newswire UK/". Prnewswire.co.uk. 1999-02-10. Retrieved 2016-03-07.
  3. ↑ "Refco's Troubles Snare Moscow Hedge Fund | Business". The Moscow Times. 2005-10-24. Retrieved 2016-03-07.
  4. ↑ "Ex-Goldman, RenCap Employees Ready Russian Distressed Debt Fund". FINalternatives.com. Retrieved 2016-03-07.
  5. 1 2 3 4 "Richard Andrew Deitz". Bloomberg. Bloomberg. Retrieved 31 August 2016.
  6. 1 2 "Sohn Investment Conference" (PDF). Sohn Conference. Retrieved 31 August 2016.
  7. ↑ Medland, Dina (January 12, 2016). "Six things you need to know if you want to work for a hedge fund in Moscow". E Financial Careers. Retrieved 31 August 2016.
  8. ↑ Uhlfeder, Eric (June 18, 2016). "Top Hedge Funds Over the Last Decade". Top Hedge Funds Over the Last Decade. Barrons. Retrieved 31 August 2016.
  9. 1 2 Porzecanski, Katia (May 4, 2016). "VR Capital's Deitz Likes Greek Bank Stocks, Government Debt". Bloomberg. Retrieved 31 August 2016.
  10. ↑ Watts, Matt; Prynn, Jonathan (March 4, 2016). "Hedge fund tycoons at war over plans for basement dig at £30m villa". Standard. Retrieved 31 August 2016.
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