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
Nedgroup Opportunity Fund : Rating upgrade from Tier 3 to Tier 2
10 Mar 2015
10 Mar 2015
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...
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Associated local fund ratings
Allan Gray Equity Fund: Understanding the changes
9 Mar 2015
9 Mar 2015
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...
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Associated local fund ratings
Business Changes at RECM
24 Feb 2015
24 Feb 2015
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...
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Associated local fund ratings
Associated offshore fund ratings
Fund Under Review: Nedgroup Investments Growth Fund (Electus)
16 Feb 2015
16 Feb 2015
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 ...
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Associated local fund ratings
All change at Electus
6 Feb 2015
6 Feb 2015
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...
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Associated local fund ratings
Further changes at Cadiz
30 Jan 2015
30 Jan 2015
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. ...
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Associated local fund ratings
RECM funds under review
23 Dec 2014
23 Dec 2014
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.
Associated local fund ratings
Associated offshore fund ratings
Nedgroup Investment Managed Fund: Rating change from Tier 2 to Tier 3.
23 Dec 2014
23 Dec 2014
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...
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Associated local fund ratings
New Fund Rated: Catalyst Global Real Estate PSG Feeder Fund
2 Dec 2014
2 Dec 2014
New Fund Rated: Catalyst Global Real Estate PSG Feeder Fund
Associated local fund ratings
29 Mar 2015