Welcome to Prosperity

Prosperity Capital Management is one of the largest Russia-focused asset managers in the world,
with around USD 4.3bn of assets under management

Russian Presidential election 2018 - the outcome was never in doubt

Russian Sovereign Debt

Russian Sovereign Debt Elevated to Investment Grade Rating

Founder exits 29.1% stake in Magnit to VTB

The Russian investment and food retail communities were left surprised by Mr Sergey Galitskiy’s announcement on Friday 16 February 2018 that he would sell a 29.1% stake in Magnit to the Russian state-owned bank VTB for RUB 138bn (c. USD 2.45bn).

CBR cuts key rate by 25bp to 7.5%

In line with market expectations, the Bank of Russia cut the key rate by 25bp to 7.5% per annum on 9 February.

Real improvements clouded by geopolitics

Thus far this year, we have again seen the underlying development of the Russian economy and companies obscured by political turbulence.

"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 4.3bn.

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.