Apparently Russia isn't as hot an investment idea as some think - Credit Suisse and Sberbank...

|By:, SA News Editor

Apparently Russia isn't as hot an investment idea as some think - Credit Suisse and Sberbank cancel plans for a $1B P-E fund in the country due to a lack of investor interest. Both lenders (Sberbank is Russia's largest) had planned to contribute $100M and raise the rest from others. RSX +6.7% YTD.