In March 2013, Oppenheimer Funds spent $81-104 million to purchase 6,39% of Yandex’s stock. As of March 1st, Oppenheimer Funds owned 7.63% of the stock. As of April 30th, the holding increased up to 11,17%, according to the SEC.
Asian-Pacific stock indices closed today’s trading session mostly in the green zone. In particular, Nikkei 225 exceeded 15000 points for the first time since 2007. Strong corporate reports and weaker yen contributed to the rally. The Japanese Yen has depreciated by 14% since early 2013.