Hermitage Capital Management is an asset management firm specializing in global emerging markets. It has over $1.5 billion under management, including Hermitage Global, a global activist fund, launched in 2007, and the Hermitage Fund, one of the largest Russia-dedicated investment funds in the world. Its clients include high net worth individuals, financial institutions and fund of funds from over 30 countries. It aims to increase the value of its investments through shareholder activism targeted to improve corporate governance.