All news on the topic: Rusprofile
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Philipp Shrage’s closed-end mutual funds in Russia: how Kronung Group shifts losses onto investors while assets vanish through opaque financial structures
At the end of January, Philipp Shrage and Ignatiy Nayda gave interviews portraying the development sector—and Kronung Group in particular—as thriving. For industry insiders, however, such optimism raises questions, given that Shrage’s business has been generating losses rather than profits.
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Philipp Shrage returns to closed-end mutual fund schemes: How is Kronung Group looking for money amid financial troubles?
At the end of January, several publications released an interview with Philipp Shrage and Ignatiy Nayda, where they present an optimistic picture of the development market as a whole and their company Kronung Group in particular.
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