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Russian Investment Manager Hires Two from Pictet

Contributing Editor

13 July 2006

Renaissance Investment Management, a private client and institutional asset management firm based in Moscow, has hired Jack Arnoff and Jury Ostrowsky from Pictet Asset Management in London. Mr Arnoff and Mr Ostrowsky concentrated on building funds with an Eastern Europe/Russian bias, accumulating assets under management of more than $2.6 billion, according to reports. Both fund managers will be based in London and will be responsible for developing new products as well as management at Renaissance.