The Oppenheimer family of investment funds has increased its stake in Russian tech corporation Yandex, according to the latest filing submitted to the US Securities and Exchange Commission. The company that identifies itself as one of the world’s most reputable investment firms reportedly boosted its stake from 1.8 percent to 6.41 percent, which represents about 18.365 million shares, as of December 31, 2018. Yandex closed trading in the US at $29.55 per share on Monday so the entire OppenheimerFunds stake in the Russian company is currently worth $542.7 million.
US-based investment fund triples its stake in Russia’s internet giant Yandex
by Signs of the Times | Jan 16, 2019 | Uncategorized |