Manager Research
all members of our manager research team have over ten years of investment experience.
Dane Schrauwen, one of Foord’s senior portfolio managers in their South African team, has decided to take early retirement and will leave with immediate effect. Dane was currently five months into a six month sabbatical, but has made the call not to return. Foord run a multi-councillor approach and Dane was one of the portfolio managers on the Foord Equity, Foord Balanced and Foord Conservative funds. His portfolio management responsibilities were handed over to Dave Foord prior to Dane going on sabbatical, so the current status quo will continue.
Dane was highly regarded within the Foord business and he will be a loss to their local investment team. We have rated all three of the funds Tier 2, highlighting the continued changes to the multi-councillors on the Foord funds and the succession challenge facing the business. The ratings on the three funds will remain Tier 2.
Foord update: Dane Schrauwen to take early retirement
31 May 2017