Expert RA

Expert RA Confirms A ++ Rating of the Management-Centre Management Company

September 24, 2008

The Expert RА rating agency has confirmed the reliability and service quality A ++ rating of the Management-Centre management company (Moscow) (level “exceptionally high/highest level of reliability and service quality”).

The highest assessment of reliability and service quality of Management-Centre is based on its streamlined investment process, a qualitative system of risk assessment, the growth of managed assets and high parameters of profitableness. “In implementing its project investments the company has used the outsourcing of accompanying services (assessment, client search for acquisition and sale of businesses, etc.) which enables the management company to reduce costs for the upkeep of a large staff of narrow specialists”, says Marina Kholmakova, RA Expert, department of financial institutions.

In the rating assessment the experts note, among others, the following deterrents: the company’s low degree of business diversification, and the absence of the Code of professional ethics coordinated with the Federal Financial Markets Service (FFMS). The company’s specialization in managing direct investments in the form of private mutual funds hinders the development of other lines of its business in confidential assets management but, at the same time, it enables the management company to take the lead in the confidential management market in terms of total amount of funds.

The Management-Centre company has been operating in the confidential management market since 1996. The company specializes in managing closed share investment funds.

According to the Expert RА quarterly monitoring of the confidential assets management market, the Management-Centre company holds the 4th place in the total amount of managed assets in the first six months of 2008. It takes the first place in the net asset value of mutual funds. Assessed in accordance with the Expert RА methods, the Management-Centre company belongs to the first size category among management companies.