Russia Seeks To Track Hedge Fund Founder

May 21 2013 | 1:01pm ET

Russia has stopped short of demanding the arrest abroad of Hermitage Capital Management founder William Browder—but it does want to know where he is.

The country has asked international policing agency Interpol to issue an "all points bulletin" for Browder, who has vocally campaigned for sanctions against Russia in the wake of the death in prison of a Hermitage lawyer four years ago. Such a bulletin would request that Interpol's 190 members keep Russia informed of Browder's whereabouts.

Russia could have sought a "red notice" from Interpol, which would have sought Browder's arrest.

Russia last month issued an arrest warrant in absentia for Browder, who is accused of tax fraud. For his part, Browder, an American-born British citizen who lives in London, has accused Russian officials of bilking both Hermitage and Russia itself, and has alleged that lawyer Sergei Magnitsky was tortured to death. He has led a partially successful effort to have Russian officials linked with the case against Magnitsky barred from the U.S. and western Europe, and to have their assets in those countries frozen.

Browder has said those efforts have made him Russia's biggest enemy, and that the U.S. "Magnitsky Act" "really touches them" and makes Russian President Vladimir Putin go "completely out of his mind."

Interpol is set to consider Russia's request tomorrow. The agency could reject it if it finds that Russia is seeking "any intervention or activities of a political, military, religious or racial character."

"The Russian authorities seek to involve Interpol in an abusive and politically-motivated attack on Mr. Browder," Hermitage said. "Anyone offering the Russian Interior Ministry support" becomes "part and parcel of Mr. Putin's political vendetta against Mr. Browder and attempts to cover up the murder of Sergei Magnitsky," it continued.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note