Manager Research

New Fund Ratings - Momentum Equity and Foord Conservative

Following the tragic passing of Simon Marais (Chairman and ex Chief Investment Officer) in February 2015, Allan Gray announced on Friday that Ian Liddle will be taking over as Chairman with immediate effect.  Ian will continue in his role as CIO until March 2016 when Andrew Lapping will take ov...

Read our rating report on the Sesfikile SCI Property Fund

We have placed this fund under review (it currently holds a Tier 2 rating).  In our initial evaluation our main concern was that the fund was limited to a set of Orbis funds to implement its investment strategy.  This meant that not all investment views which the Allan Gray team wanted to ...

As part of our ongoing fund research process we regularly revisit funds we have covered in the past.  We have recently completed our review of the RECM funds – clients will be aware that RECM funds have been ‘Under Review’ for some months, and given the material changes more r...

We have changed the rating of the Nedgroup Investments Opportunity Fund from Tier 3 to Tier 2.  We first rated the fund in late 2013, and at that stage we had a range of concerns relating to the fund: the fixed income team and process had only recently been brought into a previously equity c...

We’ve been asked by a number of clients what our view is regarding the Allan Gray Equity fund changes.  As a refresher the changes are: 1.  The inclusion of offshore equities in the portfolio, up to 25% which will be accessed via Orbis.  In addition they can hold up to 5% in Af...

Clients will be aware that we recently changed the rating on the Nedgroup Managed Fund to Tier 3 and also placed the RECM unit trusts Under Review.  RECM management have now taken some bold steps which will impact the future of the business and also what clients can expect in terms of investmen...

We have recently covered the equity unit trusts managed by Electus.  Electus is one of the Old Mutual boutiques which originated around 8 years ago.  In January 2015 it was announced that Electus and OMIGSA would part ways, and Electus would become a 100% independent fund manager. This is ...

We recently completed our research process with Electus, one of the Old Mutual boutiques, and rated three of their funds: the Old Mutual Growth fund, the Old Mutual Top Companies Fund and the Nedgroup Investments Growth Fund. However, the Old Mutual Investment Group (OMIG) announced on 29 January 2...