Browder and Edmond Safra (1932–1999) founded Hermitage Capital Management in 1996 for the purpose of investing initial seed capital of $25 million in Russia during the period of the mass privatisation after the fall of the Soviet Union.
Browder and Edmond Safra (1932–1999) founded Hermitage Capital Management in 1996 to invest seed capital in Russia during a time of significant economic change, following the dissolution of the Soviet Union.