Methodology

Picking the Team

To select the members of the 2015 All-Russia Research Team, Institutional Investor sent questionnaires covering 12 investment sectors to portfolio managers and buy-side analysts at leading asset management firms around the world. We received responses from 340 individuals at 240 institutions that oversee an estimated $121 billion in Russian equity and fixed-income assets.

This ranking is based on votes for individuals. A numerical score was produced for each analyst by weighting each vote by the respondent’s Russian equity and fixed-income assets under management and the rank awarded to the individual (first, second, third or fourth). The resulting scores determine the rankings.

An analyst is designated runner-up when his or her score falls within 35 percent of the third-teamer’s score. Researchers who switched firms after March 31, 2015, are cited at their previous organizations. The names of those surveyed and their institutions are kept confidential to ensure their continuing cooperation. Voters must meet eligibility requirements, and winners must achieve a minimum vote count. All ballots are subject to review by our Research Operations Group, and final results may be inspected by an independent auditor.

II’s 12th annual All-Russia Research Team survey produced complete results (first through third place) in all eight industry sectors and four macroeconomic disciplines. Senior Contributing Writers Leslie Kramer and Ben Mattlin wrote the accompanying analyst profiles. References to sector performance are based on MSCI indexes and shown in local currencies, unless otherwise noted.

This ranking was compiled by Senior Research Editor Tucker Ewing, Associate Research Editor Denise Hoguet and Researchers Denise Best and Amy Kong under the direction of Thomas W. Johnson, Director of Research.