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Prosperity Adds More Gazprom as Putin Pushes Improvement

Prosperity Capital Management Ltd., whose Russia fund beat 97 percent of peers in the past year, bought more shares of OAO Gazprom on prospects Russia will push its gas export monopoly to be more efficient.

“The government is putting a lot of pressure on Gazprom to operate in a more transparent and efficient way and the company is turning around,” Mattias Westman, who helps oversee about $4 billion in Russian assets as chief executive officer of Prosperity in London, said by phone yesterday. “It’s a good investment longer term, especially as valuations are very low and attractive.”