Manager Research

Recently, Absa Fund Managers (AFM) announced that it was closing down its Absa Money Market Fund (AMMF). At the end of 2020, the Absa Money Market Fund was the third largest unit trust in South Africa with R 85bn in total assets and was only surpassed in size by the Allan Gray Balanced and Coronatio...

Prudential Investment Managers recently announced that M&G Investments has acquired a controlling stake in the company, increasing its holding from 49.99% to 50.12%. As a result, Prudential will again become a subsidiary of M&G.   M&G Investments   Municipal & General (...

During 2020, Jupiter Fund Management acquired Merian Global Investors and in February undertook a rebranding following the acquisition.   Merian Global Investors   Merian Global Investors was formed in June 2018 when global private equity firm TA Associates bought the single-strategy i...

Our UK team recently reviewed the Schroders Global Recovery fund and has concluded on a Tier 2 rating.  This fund was initiated at Tier 2 in 2016, which was followed up with an upgrade to Tier 1 in 2017.  We remain positive on the fund from a qualitative perspective. Shareholders are supp...

Denker Capital recently announced some changes to its investment team. Ricco Friedrich, executive director, founder and portfolio manager on the Denker Global Equity Fund has left the business and relocated to Switzerland. During the third quarter of 2020, Ricco took over portfolio management respo...

Allan Gray recently issued a ballot to investors seeking to change the Allan Gray Orbis Global Fund of Funds from a fund of funds structure to a feeder fund. The fund currently allocates to a range of Orbis funds, including Orbis Global Balanced (75%), Global Equity (12%), Optimal (9.5%) and Emergin...

Investors in the Nedgroup Investments Entrepreneur Fund (Entrepreneur) would have recently received ballot letters seeking approval of the proposed merger between the Nedgroup Investments Private Wealth Small & Mid-Cap Equity Fund and the Entrepreneur Fund. Should the ballot be successful, Entre...

As we previously noted, the Laurium Equity Prescient Fund has now merged with the newly launched Nedgroup Investments SA Equity Fund. The ballot process has been successful and the Laurium fund has now been fully integrated into the Nedgroup SA Equity Fund. The fund will be managed by Laurium&rsquo...

Over the course of the past two months Old Mutual has announced a number of changes within both the business and team structure of Old Mutual Investments. These changes are the culmination of a rationalization process that was started when Khaya Gobodo joined the business in 2018. We outline the key...

ABAX have informed the market that Rashaad Tayob, portfolio manager of the Nedgroup Investments Flexible Income Fund, will be leaving the business. Rashaad joined ABAX as a portfolio manager in 2012 and has been a key member of their fixed income and multi-asset teams since then. Prior to ABAX, Rash...