![]() ![]() If they are not, it’s a brilliant satire. If the authors are serious, this is a silly, distasteful book. However, as time goes on, he realizes what happens to those who stand up against powerful Russian officials and tries his best to get justice for Sergei Magnitsky. He has no idea how corrupt Russia’s political system is and that he’ll be used by them for their own gain. In 1996, he formed Hermitage, seeing even greater opportunity in Russia’s decision to privatize its industries. To ask why this is so would be a far more useful project. When the book Red Notice begins, Bill Browder is a naive investor. ![]() Browder, a veteran of firms like Salomon Brothers, had made huge money in Poland investing in newly privatized state-owned companies after the 1989 collapse of communism. The story of Hermitage’s takedown is the story of a vicious battle between those who believed they could get rich by living within the rules and helping guide Russia toward freer, law-based markets, and those like the oligarchs (and the Kremlin elite today) who wanted to get even richer by remaking the rules altogether. ![]() ![]() The next year he was expelled from Russia, his company was raided and control was handed over to a group of Russian nationals. Browder was a winner: His hedge fund, Hermitage Capital, managed $4.5 billion in assets at its height in 2004. Photo credit: Getty Images.įor years, Mr. Hermitage Capital CEO Bill Browder on his new book, “Red Notice,” and getting on the wrong side of the Russian dictator. ![]()
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