OREANDA-NEWS. June 08, 2015. RusRating has assigned a reliability rating to KSP Capital Asset Management OOO (Moscow). The rating is "BB" on the international scale and "BBB" on the national scale, in both cases with a stable outlook.

The rating is based on the high quality of assets under management, sufficient portfolio liquidity and qualified management.

Constraining factors include relatively low returns, limited diversification, and the relatively low liquidity of the Company’s own property holdings and assets held by closed mutual investment funds.

About the Company

KSP Capital Asset Management is a smaller, private-sector Russian management company that has been active in the market since 2007. Its sole shareholder is S.P. Kotlyarenko. The Company holds licenses to manage securities, investment funds, mutual investment funds and non-state pension funds. By volume of assets under management it ranks among the top sixty players in Russia.

Most assets under management are held in closed mutual funds (approx. R6bn) for both qualified and general investors. Outside these funds the Company managed an additional R1.7bn in assets at 31 December 2014, of which 48.6% was held in individual accounts (three active contracts) and 46% were pension savings or reserves.  At that time the Company worked with a single pension fund.

The stability of the client base and associated funding is judged moderate, while the quality of assets under management appears strong. The return on investments is satisfactory. Overall sensitivity to financial risks is moderate.