On June 22 at the Kazan bar CFA Russia hosted a business-breakfast on hedge funds.
Michael Boboshko, NAIMA's Head of the Hedge Fund Committee, presented a review of the Russian hedge fund industry. According to general estimates, the size of the market is 4.5 – 5 billion compared to 3 trillion dollars in the world market. Meanwhile 2/3s of our funds are small funds, of less than $50 million (the majority being around $10 million), only 2% are in excess of this amount, and 2 or 3 funds tip the scales at half a billion. As a comparison, in the West any fund less than $100 million is considered a small start-up.