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Renaissance boosts fund management team

July 29, 2010

By Marcus Williams

Renaissance Asset Managers, the investment unit of Renaissance Group, has hired Dmitry Mikhailov from Uralsib as a fund manager.

Mikhailov will run two of Renaissance’s Russian equity retails funds known as PIFs and co-manage the RenShares Utilities Fund, which Sergey Bubnov lead manages.

Mikhailov was at Uralsib as portfolio manager on sector PIFs as well as on the Russian Small and Mid Cap Fund. Last year  Uralsib's Power Utilities PIF was the best performing Russian utilities fund, having increased in value by 297.63%* in USD terms.

Before joining Uralsib in 2006, he was CEO of a local asset management boutique, managing HNWIs' savings globally. In 2002-2005, as CIO of private equity fund HealthTech Corp., Mikhailov was responsible for investment research and M&A.

Renaissance recently spun off its fund management arm from its wealth management business.

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