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Industries – Utilities: First

Mikhail Rasstrigin, who debuted in third place last year, rockets to the top of the roster.

Mikhail Rasstrigin
VTB Capital
"Mikhail is clear about his views regarding the sector. Most importantly, he’s not afraid to downgrade."

Mikhail Rasstrigin, who debuted in third place last year, rockets to the top of the roster. The VTB Capital analyst covers 19 utilities stocks, with “deep knowledge and all the right contacts,” according to one buy-side advocate. In June 2012, noting the impact of rising oil prices and higher tariffs on power companies’ earnings, Rasstrigin downgraded Moscow-based Inter RAO UES from buy to sell and OGK-2 from hold to sell; he also lowered St. Petersburg’s Lenenergo from hold to sell. By the end of May, the stocks had plunged 51.8 percent, 44.5 percent and 30.3 percent, respectively; over the same period the RTS Electric Utilities Index was down 28.7 percent. “He got investors out before the shares collapsed,” cheers another ally. Rasstrigin, 30, is a graduate of Russia’s Ivanovo State Power University with a bachelor’s degree in economics and a master’s in power utilities; he covered the sector for Deutsche Bank before moving to VTB Capital in 2008. — Ben Mattlin


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