Russia’s getting hot again, says East Capital

The poisonous air in Moscow may be fatal to inhale, there isn’t much wheat to eat and the peat bogs are on fire, but at least there are investment opportunities in Russian equities. East Capital believes the Russian stock market hit a bottom at the end of June. Since April, that market had been down 15%, not due to anything Russia-specific, but rather to a series of extraneous events such as the wobbly euro, says the Russia and Eastern European specialist fund-management firm. But t…