East Capital sells Yandex shares

Shares of Russian internet company Yandex have been removed from the list of the largest investments of funds controlled by East Capital.

Shares of Russian internet company Yandex have been removed from the list of the largest investments of funds controlled by East Capital.

According to an East Capital report, at the beginning of June, Yandex shares made up 4 percent of the portfolio of East Capital Russia Fund, which has assets exceeding $700 million. As of early August, the Russian search engine was not included in the list of the fund's top-10 investments.

This was the same situation for East Capital Eastern European Fund, which has assets of $380 million; at the beginning of June, Yandex's share of the company's portfolio was 3 percent, but the Russian company was also not included in the top-10 list as of the beginning of August.

 

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