Gazfond is the largest Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

n pension fund

Pension fund

A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...

. It was founded in 1994 by Gazprom

Gazprom

Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...

, Gazprombank

Gazprombank

Gazprombank is the largest Russian non-state owned bank, which is among the three largest banks in Russia. It is a joint stock bank founded in 1990. The bank is owned by the Russian gas company Gazprom, which controls 62.59% of shares directly and also retains shares through its subsidiaries...

 and several other organizations. Gazfond owned a 3.22-percent share of Gazprom as of September 5, 2005. The fund is managed by the Leader Managing Company (Chairman of the Board of Directors: Yury Shamalov, CEO: Anatoly Gavrilenko) that in 2006 was sold by Gazprom to the SOGAZ Insurance Company controlled by the Russia Bank. Since 2003 Yury Shamalov has been the President of Gazfond.