14 June 2006

Rosneft - Caveat Emptor

“This IPO smells bad,” said Agne Zitkute, fund manager at London-based Pictet Asset Management, which controls $12 billion of assets. “Frankly, I have a moral problem with buying back something that was stolen from me,” Zitkute said.


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1 comment:

  1. Anonymous18 July, 2006

    “Frankly, I have a moral problem with buying back something that was stolen from me,”

    You will have a moral renaissance to pay a just price for something that was stealgoods to start with.

    ReplyDelete