Founded in 1996, Prosperity Capital Management (PCM) is today the largest Russia & CIS-focused asset manager in the World, with assets under management of circa $4 billion. PCM's international client base includes institutional investors, large family offices and Sovereign Wealth Funds from the US, Europe, Asia and the Middle East.
The firm has built a stellar reputation for its thorough, incisive research and "active" investment approach and is now a major shareholder in many of the leading companies in Russia, Ukraine and Central Asia. Pursuing a "long-only, unlevered" strategy, PCM's highly "active and activist" on-the-ground, Moscow-based, investment team have delivered exceptionally strong returns to investors since the firm's founding – with PCM's three flagship strategies having recently been recognised as world's top three performing funds over the last decade according to Morningstar data. The Russian Prosperity Fund – our flagship "blue-chip"-focused "fundamental-value" vehicle has returned 1,830% since its inception in September 1996, whilst maintaining weekly-liquidity. The Prosperity Quest Fund has returned 4,263% since inception in December 1999 – offering an annualised return of 44% whilst maintaining monthly liquidity.
PCM has achieved these returns by following its highly proprietary investment strategy and is proud to have never gated clients or imposed any other arbitrary restrictions.