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
Kagiso Asset Management Funds Reviewed
10 Dec 2021
10 Dec 2021
We recently completed our review of the Kagiso fund range, and we have retained all of the ratings on the funds that we cover. Below, we provide a summary.
Fund
Rating
Kagiso Equity Alpha Fund
Tier 1
Kagiso Balanced Fund
Tier 2
Kag...
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Associated local fund ratings
Prudential changes its name to M&G
25 Nov 2021
25 Nov 2021
On the 15th of November Prudential officially changed its name to M&G Investments. This is in line with the acquisition by M&G plc of Prudential Portfolio Managers (South Africa) which occurred earlier in the year, and we wrote about here.
The changes to Prudential’s name and ...
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Associated local fund ratings
Investec Limited Cum-Ex Tax Investigation
10 Nov 2021
10 Nov 2021
Investec Limited's involvement in the Cum-Ex tax Investigation has recently resurfaced in the media. The Cum-Ex Tax Investigation is a name given to a large number of transactions that took place prior to 2012 in Europe. It involved exploiting a loophole in European tax law that enabled more than on...
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Associated local fund ratings
Associated offshore fund ratings
Mazi Prime Equity Fund - Downgraded from Tier 2 to Tier 3
10 Nov 2021
10 Nov 2021
We recently completed a full review of the Mazi Prime Equity Fund. The outcome of this review is that we have downgraded the fund from Tier 2 to Tier 3. Below we provide an overview of our rationale.
Background
Mazi Capital was founded in 2006 by Malungelo Zilimbola after he left RMB. The company ...
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Associated local fund ratings
Prescient Fund Range Reviewed
5 Nov 2021
5 Nov 2021
We recently concluded a review on Prescient’s range of funds which included the initiation of coverage on the Prescient Flexible Bond Fund at a Tier 2 rating. Outside of this new fund rating, we have also upgraded the rating on the Prescient Balanced Fund and moved two strategies to the watchl...
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Associated local fund ratings
Stanlib partners with JP Morgan Asset Management
29 Oct 2021
29 Oct 2021
Stanlib Asset Management (Stanlib) recently announced that it had partnered with JP Morgan Asset Management (JPMAM) as its new offshore partner. JPMAM is set to provide Stanlib with investment management capabilities to complement the SA manager’s existing offering.
According to Stanl...
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Associated local fund ratings
Associated offshore fund ratings
Truffle Asset Management - Shareholding Changes
18 Oct 2021
18 Oct 2021
Recently, RMI Investment Manager (RMI) concluded a transaction with Royal Bafokeng Holdings (RBH) whereby RBH purchased an effective 11.4% stake in Truffle via RMI. RBH already has a 2.1% stake in Truffle through RMI’s listed entity RMI Holdings. This transaction will bring RBH’s effecti...
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Associated local fund ratings
ABAX Income Team Update
7 Oct 2021
7 Oct 2021
Earlier this year we wrote a note highlighting the departure of Rashaad Tayob from ABAX. This note can be found here. Our conclusion then was that, despite Rashaad’s departure, ABAX remained a stable business with a long-standing fixed income process and philosophy. The remaining team was stil...
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Associated local fund ratings
Sanlam Investments & Absa Investments Transaction
7 Oct 2021
7 Oct 2021
This week, Sanlam announced that it had reached a deal with Absa which will result in Absa Financial Services Limited (AFS) exchanging its investment management business, Absa Investments (AFM), for a shareholding of up to 17.5% in Sanlam Investment Holdings Proprietary Limited (SIH), which is the p...
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28 Feb 2023