SOURCE: Institutional Investor

Institutional Investor

June 09, 2009 17:55 ET

Institutional Investor Announces the All-Russia Research Team

Survey Finds Renaissance Is No. 1 in Russian Securities Research

NEW YORK, NY--(Marketwire - June 9, 2009) - Many of the analysts who do the best job of providing that guidance can be found at Renaissance Capital, according to participants in the 2009 All-Russia Research Team survey, Institutional Investor's sixth annual ranking of Russia's leading securities researchers.

Investors returning to Russia want reassurance that the rally is sustainable and are looking for direction on which sectors of the economy are likely to enjoy the most robust growth.

The complete ranking can be found on our web site, www.iimagazine.com.

Despite high inflation, high unemployment and concerns of an ongoing economic contraction, optimism abounds in Russia. Last month, rising oil prices and rekindled investor interest in Russian equities helped lift the benchmark Russian Trading System index above the psychologically important 1,000-point level (it had fallen as low as 498.20 in January), prompting many analysts to declare that the worst of the economic crisis is over.

RenCap takes top honors for a sixth consecutive year, but by a narrow margin over second-place Troika Dialog: The firms capture 14 and 13 total team positions, respectively. Deutsche Bank rises one notch to third place, with five team positions. UBS and UniCredit Research tie for No. 4, with four positions each.

Institutional Investor's 2009 All-Russia Research Team survey results are based on responses from more than 300 investors at 240 institutions worldwide managing an estimated $111 billion in Russian assets.

The complete ranking can be found on our web site, www.iimagazine.com.

For more information, please contact Alyssa Walker at awalker@iiresearchgroup.com or (212) 224-3677.

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