Welcome to Prosperity

Prosperity Capital Management is one of the largest Russia-focused asset managers in the world,
with around USD 4.9bn of assets under management

News

Founder’s 2019 End of Year Message

Last year was eventful and beneficial. Against a backdrop of strong markets across the world, Russia was amongst the best performers.

Analysis

Presidential address to the Federal Assembly

President Vladimir Putin delivered the annual presidential address to the Federal Assembly for the first time at the beginning of the year, on 15 January 2020.

News

Russia ranked 28th in the World Bank’s Doing Business report

Russia has continued its advance up the World Bank’s Doing Business rankings, placing 28th out of 190 countries in the 2020 report - up 3 positions from 2019. Russia now ranks above several OECD nations, including Japan, Spain and France amongst others. Notably, Russia is the highest ranked BRIC economy.

News

Perception versus reality revisited

The portrayal of Russia is often very one-sided, filled with stereotypes and negative assumptions. A recent Financial Times article on four Russia-focused books was prefaced with the text below. Whilst this is the standard image that most people have of Russia, we would argue it is a misleading image.

News

State-owned enterprise dividend update – onwards and upwards

Russia’s march towards better corporate governance and returns to shareholders continues and is even gathering pace.

"We always tell ourselves that we own parts of actual companies, not simply pieces of paper"

Mattias Westman, Founding Partner

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Strategies

PCM is one of the largest portfolio investors specialising in investment in Russia and the FSU countries. PCM is currently managing assets worth around USD 4.9bn.

Explore Strategies

Strategies

Prosperity Capital Management employs the same investment philosophy and methodology across all of the assets under management, though broadly the investment vehicles can be separated into two strategies; fundamental value and special situations.

The fundamental value strategy seeks to access companies that have come further along the transformation from Soviet-era “production units” to more modern “Western-style” corporations, whilst the special situations strategy seeks to identify the triggers for these changes much earlier in the process.

There is a level of overlap between the two strategies and consequently the investment vehicles also. In general, as the fundamental value strategy is investing in companies that are more developed, they tend to be larger, more visible, better listed and more liquid than many of those in the special situations strategy.