PCM Funds Lead The World

Pursuing a "long-only, activist" strategy in Russia/CIS, PCM's three main funds, all open-ended and unleveraged, have returned 3,604%, 1,828% and 1,605% in the last decade. The returns - all net of fees and in dollar terms - place PCM funds first, second and third of all funds in the world between December 1999 and December 2009. » MORE

Quest II

Prosperity Capital Management are in the process of launching a new Russian recovery vehicle to follow in the footsteps of the original Prosperity Quest Fund - which has risen 39-fold since inception - returning an annualised 44% to our investors.

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Company of the Month: Bashkirenergo

28th February 2010

MRSKRussia’s newly-privatized power utility sector continued its progressive development during 2009, despite the country’s first recession for a decade. Many market participants were concerned the economic slowdown would tempt the government to renege on its timetable for power sector liberalization – not least the incremental freeing-up of electricity prices.

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