The family trust of Russian billionaire Dmitry Rybolovlev has successfully removed the manager of a bankrupt venture capital fund. The fund, valued at $2.5 billion, was backed by Rybolovlev's trust.

The legal battle centered on the trust's efforts to regain control over investments made by the fund, which ultimately collapsed. Rybolovlev's trust had accused the manager of mismanagement, leading to significant losses.

This victory marks a significant win for the Rybolovlev family trust in its pursuit of accountability and recovery of assets from the failed fund. The exact terms of the manager's removal and any subsequent steps for asset recovery were not immediately disclosed.