Manager Research

You may recall we changed the rating on the Cadiz Absolute Yield fund last year from a Tier 1 to a Tier 2.  This was on the back of concerns regarding the business and the declining assets under management.  We were still comfortable with the portfolio manager, the team and their process. ...

As part of our ongoing fund review process we are currently working through the RECM unit trust funds.  As a consequence these funds are currently placed ‘Under Review’ until we have concluded on their ratings, which will be early in 2015.

We have updated our rating on this fund to Tier 3.  A number of concerns raised in the initial review have remained, and we have identified a number of new issues which we feel impede the funds ability to perform in future.  It has been a particularly difficult performance period for the f...

New Fund Rated:  Catalyst Global Real Estate PSG Feeder Fund

Cadiz issued a SENS announcement on 21 November 2014 to announce certain changes to their board, with three new non-executive directors being added and two directors (Totsie Memela-Khambula and Steven Saunders) having resigned.  The three new directors (Andrew Bonamour,...

The Prescient Positive Return QuantPlus Fund has been rated

The PSG Balanced Fund has been rated

The PSG Equity Fund has been rated

The Vulcan Value Equity Fund has been rated

Stanlib Global Bond Fund (Brandywine) has been rated