The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Euromoney 40th anniversary special: Focus on Prosperity Capital Management

Proprietorial approach yieldsimpressive returns.

IT’S SAID THAT wisdom comes with age. That would seem to be the case with Prosperity Capital Management, a Russia-focused equity fund manager founded in 1996 that over the past 13 years has established itself as the largest foreign asset manager in the region, with about $1.5 billion under management. Despite the seesaw nature of the Russian stock markets, PCM has delivered consistently strong results for investors. The firm’s flagship investment vehicle, the Russian Prosperity Fund, has delivered an average annual return of 16% since launch in 1996. That amounts to a fivefold increase since inception while the headline RTS index of Russian stocks grew by three times.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.

By continuing to use & browse the site you agree to our Privacy Policy.
I agree