French and Russian state-backed funds launch €1bn joint venture

The fund will invest across sectors and asset classes including equity and debt securities, infrastructure and real estate in the two countries

The Kremlin-backed Russian Direct Investment Fund and the French government-backed Caisse des Dépôts International have launched a new fund to target deals across the two countries.

The Russia-France Investment Fund launched today after receiving backing from Russian President Vladimir Putin and French President François Hollande earlier this year.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire