Manager Research
We provide detailed institutional-quality global investment manager research and fund ratings. Based in South Africa and the UK,
all members of our manager research team have over ten years of investment experience.
all members of our manager research team have over ten years of investment experience.
Research Comments
Portfolio Manager Changes at Investec
11 May 2017
11 May 2017
Investec Asset Management announced several structural and team changes to their funds effective 1 May. Rhynhardt Roodt, who co-managed the SA Equity & Multi-Asset team with Chris Freund, has been promoted to co-manager of Investec’s 4Factor global equities team in London.
As a res...
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Associated local fund ratings
Associated offshore fund ratings
SIM Active Income and SIM Inflation Plus ratings placed under review
8 May 2017
8 May 2017
We received confirmation from Sanlam Investment Management (“SIM”) last Friday morning that Philip Liebenberg, portfolio manager of the SIM Active Income and SIM Inflation Plus funds, has resigned. In addition to his role as portfolio manager of the two funds, Philip also served as the h...
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Associated local fund ratings
Kagiso Equity Alpha rating updated to Tier 1
3 May 2017
3 May 2017
We recently upgraded the Kagiso Equity Alpha fund from a Tier 2 to a Tier 1. Over the past three years, there have been positive developments within the Kagiso business specifically relating to the investment team. A number of the key individuals in the team (outside of the CIO) have now...
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Associated local fund ratings
New fund rated: Obsidian Sanlam Collective Investments Balanced Fund
18 Apr 2017
18 Apr 2017
Obsidian is an unusual manager in the SA market in that they believe ‘top down’ macro-economic driven investment views are a primary driver of returns. They are able to put forward substantial evidence that this is the case, however this is a complex skill to evaluate and has taken...
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Associated local fund ratings
Manager Change: ABSA Select Equity and ABSA Absolute Funds
4 Apr 2017
4 Apr 2017
ABSA Asset Management has announced that Errol Shear will be leaving the business. He was lead portfolio manager on both the ABSA Select Equity and Absolute funds, both funds with decent track records under his tenure.
This move appears to have taken ABSA by surprise. During our l...
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Associated local fund ratings
Nedgroup Investments Managed Fund and Balanced Fund Update
28 Mar 2017
28 Mar 2017
Nedgroup Investments recently announced two changes to their best of breed multi-asset high-equity offering (both effective 1 March 2017):
firstly, the Truffle MET Balanced fund was moved to the Nedgroup Manco and approval was received to change the name of the fund to the Nedgroup Investments Ba...
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Associated local fund ratings
Rezco Value Trend Update
10 Mar 2017
10 Mar 2017
As the Rezco Value Trend fund lagged in performance against peers and its benchmark in 2016, many investors have come to question the fund manager’s ability to add value to their portfolios. As part of our ongoing fund review process we have recently spent time with Rezco to understand how the...
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Grindrod shareholder and name change
19 Jan 2017
19 Jan 2017
Grindrod Asset Management (GAM) recently revealed several changes to their business in an attempt to separate the asset management business from the logistics and transport business. The idea is to allow the asset management business the opportunity to grow and develop into its own. The business wil...
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Associated local fund ratings
Change in mandate of the Orbis SICAV Asia Ex-Japan Equity fund
5 Jan 2017
5 Jan 2017
The mandate on the Orbis SICAV Asia Ex-Japan Equity fund was broadened on the 1st of November 2016 to allow the fund to invest in the broader emerging markets universe, after only having focussed on the emerging Asia ex-Japan region previously.
Due to the change, the fund name has been amended to O...
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12 May 2017 Associated local fund ratings