- Dec 12, 2000
From the Twitter thread:
State of Kentucky's Teachers Retirement System was the second-largest shareholder for Sberbank of Russia (The largest bank in Russia).
Their position dropped 95% in value from $13MM to $778K
What's even more interesting is that the top-3 institutional holders in that Russian bank are all from Kentucky.
Both the retirement system and Todd Asset bought their shares the quarter ending March 2017 according to their filings. Right at the same time that KY rushed through a bill to build an aluminum plant.
So…who is Todd Asset Management LLC???
Our portfolio managers own a majority of the firm’s equity and are committed to remaining trusted partners for our clients.
Edit: Appears to be fake news. I got duped! Twitter is lame.