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LSE wins Russian listing for funds market

Russia's Da Vinci Capital Management will next month become the first asset manager to launch a listed fund on a new London Stock Exchange market. The LSE is also easing rules on its main market in an attempt to win listings from rivals.

Da Vinci Capital Management, which was founded by former Renaissance Capital banker Oleg Jelezko, aims to raise up to $200m (€136m) when it floats its CIS Private Sector Growth fund on the LSE's Specialist Fund Market.

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