Steven Romick Invests Over $150M In Russian Oil Companies

FPA Crescent Fund, run by Steven Romick, invested over $150 million in Russian oil and gas companies such as Gazprom OAO (MCX:GAZP) (OTCMKTS:OGZPY), LUKoil (OAO) (LON:LKOH) (OTCMKTS:LUKOY) and Rosneft' NK OAO (MCX:ROSN) (OTCMKTS:RNFTF) during the second quarter of 2014 according to filings.

Steven Romick: Russian companies figure in new fund buys in Q2

In an earlier interview published in ValueWalk, Steven Romick spelt out his investment rationale.

“I mean, Russia’s interesting, because it’s obviously quite combustible over there right now, and it’s unusual because people are running in fear,”...