Welcome to Prosperity

Prosperity Capital Management is one of the largest Russia-focused asset managers in the world,
with around USD 3.6bn of assets under management

Pension reform, infrastructure investment, market and dividend updates

Shortly after the formation of the new government, President Putin decided to use the recent strong confirmation of his mandate to push through pension reform.

An update on US sanctions

Recent and ongoing talk of additional US sanctions against Russia has spooked Russian markets, with the MSCI Russia Index having lost 8.5% and the Russian ruble having weakened by 6.7% against the US dollar since the end of July 2018.

Russian government changes

Russian President Vladimir Putin was inaugurated into his new six-year term on 7 May 2018, having won the election on 18 March 2018 with 77 percent of the vote on the back of a 68 percent voter turnout.

Russian presidential election 2018 – the outcome was never in doubt

I have witnessed six Russian presidential elections and in most cases there has been little excitement. The most uncertain was the 1996 election where Yeltsin's unpopularity gave the communists a real chance of winning.

"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 3.6bn.

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.