Hermitage Capital Management

Hermitage Capital Management was a prominent investment firm focused on Russian securities, notable for its efforts to improve corporate governance and uncover corruption within Russian companies. Founded in 1996, it managed global investor funds but became widely recognized for its investigation into fraud and misappropriation of assets involving Russian officials. The firm faced significant challenges, including legal harassment and the wrongful death of its lawyer, Sergei Magnitsky, in detention. Hermitage's work highlighted issues of transparency and accountability in Russia, ultimately contributing to international efforts to combat corruption and improve corporate law enforcement.