15^TH ANNIVERSARY: BUSINESS-LIKE INVESTMENT - IN RUSSIA

Download an essay to mark the 15th Anniversary of Prosperity Capital Management, written by Mattias Westman

From Russia with love

PCM's Chief Economist, Liam Halligan, discusses his views on the rapidly developing economic and political situations in the eurozone - in the context of the global financial crisis - as well as highlighting the relative strengths of the emerging markets, not least Russia, to their Western peers.

"Halligan, who now lives and works in Moscow, cited the huge economic growth of Russia under Putin and now Medvedev: since 1999, the country has grown in real terms on average 7% a year. Halligan said that while the West digs itself into a even deeper hole, Russia and the emerging markets are where the future lies." Citywire - Wealth Manager

BLOOMBERG INTERVIEW WITH MATTIAS WESTMAN

• Russian Prosperity Fund Noted As 2nd Best Performing Large Hedge Fund Of 2010 By Bloomberg Markets Magazine
• Prosperity Capital Management Recognised As A "Bloomberg Best"

Mattias Westman (Founding Partner) discusses how Prosperity Capital Management seeks to access the considerable Russian investment opportunity whilst addressing the risks of investing in the region. 

» MORE » BLOOMBERG MARKETS ARTICLE: A RUSSIAN ACTIVIST

Company of the Month

Transneft is Russia’s state-controlled oil and oil products transportation monopoly. The company owns and operates 70,000 km of trunk pipelines that move 466m tons of crude annually - 92% of Russia’s total production. While all ordinary shares are owned by the government, 22% of the capital is on the market as non-voting preferred shares, entitling owners to 10% of unconsolidated net profit.

» MORE» PREVIOUS COMPANIES OF THE MONTH

Latest Fund NAVs

• Get the latest Fund NAVs

Latest News

• Prosperity Analysis - Duma elections [updated] 22 December 2011
• End of year message to investors 22 December 2011
• » All News

Latest Blog Posts

• Market Update 22 December 2011
• Economic Update 22 December 2011
• » All Blog Posts

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.

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ANNUAL INVESTOR TRIP

Prosperity Capital is pleased to announce the dates of our 2012 Investor Trip. We will be delighted to welcome clients to Moscow on Wednesday 26th & Thursday 27th September.

As in previous years, the Investor Trip agenda will include presentations from senior members of the PCM team and panel discussions featuring leading company executives from Russia and across the CIS, as well as company visits and cultural/social events.

An optional trip outside of Moscow will take place on Friday 28th September, again including company visits and cultural/social events, for those who wish to spend a little more time in Russia and get to know the country better.

» PCM’s 15^th Anniversary Investor Trip 2011 attracted 120 delegates to Moscow. The agenda, photos and presentations are available here.

QUARTERLY INVESTMENT CALLS

The last quarterly calls took place on:

24^TH JANUARY 2012

Please download slides and recording of the last call here (transcription coming soon).

17^TH OCTOBER 2011

Please download slides, recording and transcription of the last call here.