© 2006 Columbus Nova. All Rights Reserved.

Columbus Nova Statement In Response to Inaccurate Media Reports

Columbus Nova is an investment management company solely owned and controlled by Americans. After the inauguration, the firm hired Michael Cohen as a business consultant regarding potential sources of capital and potential investments in real estate and other ventures. Reports that Viktor Vekselberg used Columbus Nova as a conduit for payments to Michael Cohen are false. The claim that Viktor Vekselberg was involved or provided any funding for Columbus Nova's engagement of Michael Cohen is patently untrue. Neither Viktor Vekselberg nor anyone else outside of Columbus Nova was involved in the decision to hire Cohen or provided funding for his engagement.

Additionally, contrary to recent reports, Columbus Nova LLC and Renova U.S. Management, LLC (operated under the Columbus Nova umbrella) are not now, nor have ever been, owned by any foreign entity or person. In fact, since its founding nearly 20 years ago, Columbus Nova has been and continues to be 100% owned by Americans.

As reported in May 2018 by The New York Times, the Renova Group is Columbus Nova’s biggest client. When Columbus Nova formed a management company under the name Renova U.S. Management, its largest client at the time was a Renova Group company. Throughout its existence, Columbus Nova has managed assets on behalf of Renova Group companies and other clients. Columbus Nova itself is not now, and has never been, owned by any foreign entity or person including Viktor Vekselberg or the Renova Group. The same is true with regard to all investment management companies under the Columbus Nova umbrella.