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1 month ago | 
citywire.com | Patrick Cairns |Justin Adam Brown |Jaco Visser |RUAN JOOSTE
The Association for Savings and Investment South Africa (Asisa) believes that part of the National Treasury’s proposals on the tax treatment of collective investment schemes (CISs) is ‘untenable’.
Asisa consulting senior policy adviser Stephen Smith said during a webinar on Tuesday that the notion that a regulated CIS portfolio could somehow be re-characterised as a scheme of profit-making was ‘untenable’.
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1 month ago | 
citywire.com | Patrick Cairns |Jaco Visser |Eleanor Becker |RUAN JOOSTE
Matrix Fund Managers believes that with recent additions to its investment team it is comfortably able to manage around R60bn. That is close to double its current AUM of R31.5bn.
‘We can easily grow to that number with the people we have now,’ Matrix CEO Eben Karsten told Citywire South Africa.
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1 month ago | 
citywire.com | Patrick Cairns |Jaco Visser |Eleanor Becker |RUAN JOOSTE
Patience may not be en vogue in a global society addicted to instant gratification, but that is the approach taken by Granate Asset Management’s team of fund managers as the company last month scooped two Profile Media Unit Trust awards.
Both the Granate BCI Flexible fund (in the category of flexible funds) and the Granate BCI Balanced fund (in multi-asset high equity funds) scooped top awards for returns over three years.
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1 month ago | 
citywire.com | Patrick Cairns |Justin Adam Brown |RUAN JOOSTE |Jaco Visser
Glacier by Sanlam has appointed Hildegard Wilson as managing director of Glacier International, effective from 1 March.
Wilson is currently head of investment solutions at Glacier by Sanlam, a position she has held since March 2023.
Wilson has 19 years of experience in the financial services industry, including stints as a product solutions actuary in investments at Momentum and a senior asset consultant at NMG Consulting. Already have an account?
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1 month ago | 
citywire.com | Patrick Cairns |Justin Adam Brown |RUAN JOOSTE |Jaco Visser
Summit Africa has launched a new private equity fund. Summit’s Private Equity Fund II (SPEF II) comes with a $20m (R369m) anchor commitment from British International Investment (BII), the UK’s development finance institution and impact investor.
SPEF II has a target fund size of R2.5bn and will support businesses in South Africa and the Southern African region. SPEF II will raise an additional R400m to R500m of investment commitments to commence with capital deployment.
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1 month ago | 
citywire.com | RUAN JOOSTE |Patrick Cairns |Justin Adam Brown |Jaco Visser
In a world where investors are increasingly looking for alternative sources of alpha, the recent outperformance of insurance-linked securities (ILSs) – the asset class that includes catastrophe bonds – has been notable.
The Swiss Re Global Cat Bond index, which broadly covers the asset class, was up 17.3% in 2024 and 19.7% in 2023.
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2 months ago | 
citywire.com | Justin Adam Brown |Patrick Cairns |Eleanor Becker |Johann Peens
For more than two decades, the Old Mutual Global Equity fund has consistently been one of the top-performing unit trusts in Asisa’s Global – Equity – General category. The systematic strategy, run by Jupiter Fund Management in London, has returned an annualised 14.1% since its inception in 2000, and 15.6% per annum over the past decade.
In 2024, the fund was up 24.5%, outstripping the 23% gain in its benchmark, the MSCI World index.
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2 months ago | 
citywire.com | Tracy Benjamin |Patrick Cairns |Eleanor Becker |Jaco Visser
The Foord Equity fund enjoyed a particularly strong 2024, gaining 22.3% over the year, compared with the 13.4% gain of its Capped Swix benchmark. Over three years, the fund is now up an annualised 13.6% – well ahead of the 8.7% per year gain in the index.
‘Last year was interesting’ said Citywire AA-rated Wim Murray (pictured above), who co-manages the portfolio with Nick Balkin and Nancy Hossack.
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2 months ago | 
citywire.com | Jaco Visser |Patrick Cairns |Eleanor Becker |Justin Adam Brown
Nedgroup Investments has launched a new fund within the Asisa South Africa – Equity – South Africa General category.
The fund, named the Nedgroup Investments Multi Managed Future Focus Equity fund, was seeded with around R300m, and launched at the end of January. It is benchmarked against the FTSE/JSE Capped Swix index.
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2 months ago | 
citywire.com | Justin Adam Brown |Patrick Cairns |Jaco Visser |RUAN JOOSTE
Over the past decade, the PineBridge Global Focus Equity fund has been the top-performing strategy in Citywire’s Global Equities - Global Blend sector for funds available in South Africa.
It has delivered a cumulative return of 351% over that period, substantially ahead of the 203% sector average.
This outperformance has been driven by PineBridge’s novel stock selection approach, based on the corporate life cycle.
