Dmitriy Kolomytsyn
Morgan Stanley
Holding second place for a second straight year is Dmitriy Kolomytsyn. The Morgan Stanley analyst, who covers 12 companies, downgraded Magnitogorsk Iron & Steel Works from equal weight to underweight in October, at $4.80 per global depositary receipt, on declining global steel prices and its high debt. The Magnitogorsk-based outfit’s GDRs slid 39.4 percent, to $2.91, and trailed the RTS Metals & Mining Index by 8.4 percentage points, through May. In January he cut Norilsk Nickel from overweight to equal weight, at $20.05 per GDR, partly on declining commodities prices; in April, with the Moscow-based nickel producer’s receipts down 21.3 percent, to $15.78, he reduced them to underweight. By the end of the following month, they had slipped 8.2 percent, to $14.48, while the RTS sector index slid 4.4 percent. “Dmitriy’s stock acumen has improved our performance,” cheers one fund manager in the U.K. — Ben Mattlin