Manager Research

We recently concluded our review of the Sands Capital Global Growth Fund (& BCI Feeder equivalent), which we have rated Tier 1. This rating marks the culmination of a fund search process which began in early 2022 where we identified the need to expand the range of options available for investors looking to allocate to a global growth style equity manager via a Rand feeder vehicle.

Sands Capital is an owner-managed long-standing fund manager, having been founded in 1992, with many strong attributes in place which support long term active fund management according to their growth orientated investment approach.

We are comfortable awarding this proposition a Tier 1 rating for the following reasons.

• Firstly, the fund is managed by a strong team which has demonstrated an ability to identify, invest in and holdsuperior growth companies over long time horizons.


• Secondly, the investment process and philosophy of the fund have been clearly fleshed out, are well considered, and lucid. We were able to get a high level of comfort that all equity selections, positioning changes and ultimate portfolio construction were clearly informed by the robust investment process which underpins the fund. 


•  Thirdly, we feel that the Sands business is supportive of this investment strategy and has been geared towards allowing the team to implement its investment strategy freely, while allowing capacity to be added to the team as it was required.

This fund’s edge is its deep research library, forward thinking and willingness to embrace the asymmetry of returns on offer via the most compelling global growth companies. We believe that it represents a strong option for investors to consider.