AMWatch

Moving on from Moscow: East Capital waits for thaw of frozen assets and plans fund strategy changes

East Capital’s CIO Jacob Grapengiesser, who left the firm’s Moscow office in the spring to work from Stockholm, talks to AMWatch about the state of affairs in Russia, as well as the new directions for the asset manager.

East Capital's CIO Jacob Grapengiesser set up the company's office in Moscow in 2007. | Photo: East Capital: Sara Rossi (l.), Pexels: Dmitry Trepolsky (r.).

At Sweden’s East Capital, the first half of 2022 has been probably the most difficult period of its existence.

The company’s portfolio managers who were previously based at East Capital’s Moscow office now work from Stockholm, and the company has adopted a wait and see approach as the Russian equity market remains closed to non-resident investors.

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