Manager Research

STANLIB Global Property Feeder Fund has been rated

Old Mutual Global Equity Fund has been rated

Grindrod Global Property Income Fund has been rated

Northstar MET Managed fund has been rated

We have decided to change the rating for the Cadiz Absolute Yield Fund from a Tier 1 to a Tier 2 fund.  While we still believe that the fund is managed by a high quality team with a solid investment process, our concerns relating to the business are material enough that we believe Tier 2 is the...

SIM has changed the portfolio manager on this fund after a period of underperformance made them question the nature of the fund vs what clients were expecting.  There were two inherent biases in the fund:  financials and emerging markets.  This caused the fund to have high volatility ...

Allan Gray have made a significant change to the investment process behind the Allan Gray Optimal Fund.  When we first rated this fund in 2013 we struggled to reconcile the low investment objective with the high fee. This aspect has been dealt with through an increase in the performance target,...

At the start of 2014, Louis Stassen moved from being responsible for the absolute return strategies at Coronation to start the process of building a Global Equity team and track record.   Charles de Kock has taken over the management of the Coronation Capital Plus Fund, in addition to cont...

There have been significant changes to Kagiso’s investment team over the last year with 7 new arrivals and the departure of Ross Heyns, one of the investment analysts.  The majority of the new recruits join as Analyst Associates, a new role created in the investment team to assist the inv...

Rezco have increased the size of their investment team by recruiting three junior analysts in late 2013.  Our view was that the business needed to broaden the investment team, and we see this as a positive step.  However, the analysts are not very experienced and need time to settle into t...