{{short description|American investment manager|bot=PearBOT 5}} {{Infobox person | name = Richard Andrew Deitz | image = | image_size = | alt = Richard Deitz | caption = Richard Deitz | birth_date = {{Birth date and age|1965|8|12}} | birth_place = Washington, D.C., US | occupation = Asset management | title = President and Chief Investment Officer, VR Capital Group | alma_mater = Yale University, 1987 | spouse = Marina Nacheva }}

'''Richard Andrew Deitz''' (born August 12, 1965) is an American investment manager. He is the founder and president of London-based<ref>{{cite web| title=Hedge funds look for opportunities in beaten-up Argentine assets| url =https://www.ft.com/content/8ff1e7da-ec61-11e9-85f4-d00e5018f061|date=October 14, 2019|publisher=Financial Times}}</ref> investment firm VR Capital Group.<ref name=Bloomberg20160307>{{cite web|author=Richard Andrew Deitz |url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=28403989&privcapId=27061106 |title=Richard Andrew Deitz: Executive Profile & Biography - Businessweek |website=Bloomberg.com |date= |accessdate=2016-03-07}}</ref><ref name=PRNewswire>{{cite web|url=http://www.prnewswire.co.uk/news-releases/new-russian-investment-business-formed-by-leading-financial-markets-professional-156379815.html |title=NEW RUSSIAN INVESTMENT BUSINESS FORMED BY LEADING FINANCIAL MARKETS PROFESSIONAL - February 10, 1999 /PR Newswire UK/ |website=Prnewswire.co.uk |date=1999-02-10 |accessdate=2016-03-07}}</ref><ref name=Sohn>{{cite web|title=Sohn Investment Conference|url=http://www.sohnconference.org/wp-content/uploads/2016/03/2016_Sohn_Investment_Conference.pdf|publisher=Sohn Conference|accessdate=31 August 2016}}</ref>

==Early life and education== Deitz was born in Washington, D.C. and attended public school in Montgomery County, Maryland. He studied history and economics at Yale University where he graduated ''magna cum laude'' in 1987.<ref name=Bloomberg20160307 /><ref name=Sohn />

==Career== After graduating from Yale, he began his career in finance specializing in fixed income derivatives at The First Boston Corporation. Deitz remained with the firm in New York City upon its takeover by Credit Suisse, becoming managing director at Credit Suisse Financial Products in 1993. In 1994, he moved to London and then Moscow to establish the derivatives unit's presence in Eastern Europe.<ref name=Sohn />

In 1995, Deitz left Credit Suisse together with several colleagues to co-found the investment bank, Renaissance Capital, in Moscow where he ran the firm's fixed income trading business.<ref name=PRNewswire /><ref name=Sohn /> In 1998, Deitz left Renaissance Capital and founded VR Capital Group to build an asset management business focused on distressed debt investing.<ref name=PRNewswire /><ref name=Sohn /> The firm launched a fund in May 1999 initially investing in distressed credits in Russia and the former Soviet Union following the 1998 Russian financial crisis and the demise of Long Term Capital Management. VR Capital has become known for investing into countries undergoing high levels of macroeconomic stress and working with sovereign and corporate debtors to restructure their balance sheets and regain access to capital markets. VR Capital invested heavily in Argentina following the sovereign default and currency devaluation in 2001, and likewise was a major investor in Greece in 2012 and Ukraine in 2014.

Its flagship fund, VR Global Partners, L.P., had assets under management of approximately US$4.4 billion at the end of 2017<ref name=Barrons>{{cite web|title=Barron's Top 100 Hedge Funds|url=https://www.barrons.com/articles/top-100-hedge-funds-1524873705|publisher=Barron's|accessdate=28 April 2018}}</ref> and was cited by Barron's in June 2016 for its performance over the past decade.<ref name=Uhlfeder>{{cite news|last1=Uhlfeder|first1=Eric|title=Top Hedge Funds Over The Last Decade|url=https://www.barrons.com/articles/top-hedge-funds-over-the-last-decade-1466394234|accessdate=31 August 2016|publisher=Barron's|date=June 18, 2016}}</ref> The fund's offshore version was named "Fund of the Year" at the HFM US Hedge Fund Performance Awards 2017<ref name=HFMWeek>{{cite web|title=US Hedge Fund Performance Awards 2017|url=https://www.eiseverywhere.com/ehome/258530/571948/|publisher=HFMWeek.com|accessdate=20 December 2017}}</ref> and won the "Distressed" category at the EuroHedge Awards 2017.<ref name=EuroHedge>{{cite web|title=SR, Pharo, Kairos, Cheyne lead EuroHedge Awards 2017 Winners|date=25 January 2018|url=https://hfm.global/eurohedge/news/sr-pharo-kairos-cheyne-lead-eurohedge-awards-2017-winners/|publisher=hfm.global/eurohedge/|accessdate=8 March 2018}}</ref> The fund's offshore version also walked away as the winner of the “Credit over $500m” category at the HFM European Hedge Fund Performance Awards 2018.<ref name=HFMEHFPA2018>{{cite web|title=HFM European Hedge Fund Performance Awards|url=https://hfmeuropeanperformanceawards.awardstage.com/#2018_Winners|publisher=hfmeuropeanperformanceawards.awardstage.com|accessdate=28 April 2018}}</ref>

In May 2016, Deitz was a speaker at the 21st annual Sohn Investment Conference in New York where he articulated the firm's investment thesis on Greek government bonds and banks.<ref name=Sohn /><ref name=Porzecanski>{{cite news|last1=Porzecanski|first1=Katia|title=VR Capital's Deitz Likes Greek Bank Stocks, Government Debt|url=https://www.bloomberg.com/news/articles/2016-05-04/vr-capital-s-deitz-bullish-on-greek-bank-stocks-government-debt|accessdate=31 August 2016|publisher=Bloomberg|date=May 4, 2016}}</ref> He has also written op-ed columns on Argentine and Greek debt restructurings.<ref name=WSJ>{{cite news|last1=Deitz|first1=Richard|title=A Sensible Path for Avoiding an Argentine Default|url=https://www.wsj.com/articles/richard-deitz-a-sensible-path-for-avoiding-an-argentine-default-1406497224|accessdate=20 December 2017|publisher=The Wall Street Journal|date=July 27, 2014}}</ref><ref name=Greece>{{cite news|last1=Deitz|first1=Richard|title=Three steps to put Greece on the road to sustainability|url=http://www.ekathimerini.com/144045/article/ekathimerini/business/three-steps-to-put-greece-on-the-road-to-sustainability|accessdate=20 December 2017|publisher=ekathimerini.com|date=August 22, 2012}}</ref>

==Personal life== Deitz lives in London and is married to Marina Nacheva. They have three children.

Deitz serves on the President's Council on International Activities and on the Jackson Institute Council at Yale University.<ref name=Sohn /><ref name=YaleUniv>{{cite web|title=Yale University President's Council on International Activities|date=10 July 2015|url=https://president.yale.edu/advisory-groups/president-s-council-international-activities|publisher=Yale University|accessdate=11 January 2018}}</ref> Deitz's family have been sponsors of autism research at the Yale Child Study Center.<ref name=Hathaway>{{cite news|last1=Hathaway|first1=Bill|title=Yale researchers find key to predicting outcomes of autism treatment|url=https://medicine.yale.edu/whr/news/article.aspx?id=13877|accessdate=11 January 2018|publisher=Yale University|date=November 15, 2016}}</ref><ref name=Rosner>{{cite news|last1=Rosner|first1=Cara|title=Yale Study: Monitoring Brain Activity Key To Autism Treatment, Outcomes|url=http://www.courant.com/news/connecticut/hc-yale-autism-study-20161115-story.html|accessdate=11 January 2018|publisher=Hartford Courant|date=November 15, 2016}}</ref>

Deitz is a co-owner of EuroLeague Basketball team Maccabi Tel Aviv.<ref name=Maccabi>{{cite web|title=Richard Deitz and Ben Ashkenazy: New Partners Join the Maccabi Family|url=http://www.maccabi.co.il/news.asp?id=3900&lang=en|website=maccabi.co.il|accessdate=20 December 2017}}</ref>

==References== {{Reflist|2}}

{{DEFAULTSORT:Deitz, Richard}} Category:American hedge fund managers Category:1965 births Category:Yale College alumni Category:Living people