The rating of the company was positively influenced by high quality of the investment process organization and risk management, moderately high results of management of closed-end investment funds. Besides, MC is characterized by high degree of diversification and reliability of investment of equity funds and assets under management, high level of margin (according to the results of 2013 net profit margin of the assets of the MC amounted to 21,8%, net profit return on equity – 27%). “One of the owners of the company is NPF Blagosostoyanie. Considerable experience of cooperation and interest of the fund in development of the company produce positive influence on the level of rating", – comments Pavel Mitrofanov, Director for Corporate Ratings of “Expert RA” (RAEX). Analysts also list high level of strategic support, moderate positions in the specialized market, high quality of the used software and high level of transparency among positive factors.
The level of rating experienced the restraining influence of low rates of increments of assets under management (increase of assets under management by 7% based on the results of 2013, reduction by 16% in 2012), low level of diversification of assets under management by types of trust management (as of 31.12.2013 almost 100% was accounted for by closed-end investment funds), low level of capital adequacy as against operating charges (0,34 based on the results of year 2013). Furthermore, the experts determined reduction of the amount of equity, revenue and net profit of the MC, low levels of diversification of projects and moderate infrastructure risks as a restraining factor.
As of 31.12.2013 the assets under management of MC “RWM Capital” amounted to 29,3 billion Rubles, the amount of equity was 113 million Rubles. In accordance with the data of the ranking prepared by “Expert RA" (RAEX) based on the results of the first three months of 2014 RWM Capital Asset Management is currently holding the 26th position by the size of assets under management and 8th position by the total amount of funds in closed-end investment funds.
