Tuesday, March 25, 2014

This should be good news to the IMF. It should create some confidence in Ukraine's credit worthiness.

 
March 25, 2014

...The markets in Russia and Ukraine (click here) are deeper than other countries where there’s been political tension and “also extraordinarily cheap,” said Peter Rup, chief investment officer at New York-based Artemis Wealth Advisors LLC, which oversees $800 million and invests in hedge funds.... 

...Andrey Popel, is paying particularly close attention to the conflict in Ukraine.

The 29-year old director at New York-based Greylock helped the hedge-fund firm invest in the sovereign debt of the country last year and is now backing company debt from his homeland. He also has family in eastern Ukraine, from where he emigrated to the U.S. 15 years ago. 

“Ukraine has the unique opportunity to get rid of kleptocracy (AKA Viktor Yanukovych) and cronyism and emerge as one of the least corrupt, pro-human rights, pro-business, pro-West countries in Eastern Europe,” Popel said in a telephone interview. “Unfortunately the Crimean situation diverts attention from this cleansing process and makes it a lot more difficult.” 

Greylock, which manages $850 million and invests globally, started buying Ukrainian sovereign debt late last year, said Popel, who joined in 2008 after working at Bear Stearns Cos. as an analyst and focuses on Central, Eastern and peripheral European debt....

There is no lie in the statement the Ukraine can be a leading human rights country. It's 2004 constitution is an incredible testament to the desire of the people of the Ukraine's priorities. That constitution should be an example to all other nations in prioritizing rights of their citizens. 

It is so very unfortunate all these border issues have beset the Ukraine. It poses not just a threat, but, a burden to the people to make those constitutional priorities a reality. That is why the treaties and memos regarding the Ukraine were so impressive and important. It was suppose to allow the country an existence without threat to foster their priorities.

Investments need to support the values of these incredible people to mold the nation they seek.