BusinessWeek – When oil prices began rallying in 2009 off a five-year $34 low, Alexander Branis was well positioned.
Branis, 32, chief investment officer of Prosperity Capital Management and manager of the firm’s Russian Prosperity Fund, had several long-term bets on petroleum producers. One was OAO Bashneft, a southern Russian driller, which soared 542 percent through Dec. 23. Another was TNK-BP, BP Plc’s Russian joint venture, which rose 165 percent in 2009.
