Fund Manager Changes Q4 2022

Integral to our ongoing process, is close contact with the underlying fund managers to understand their performance, positioning and also any changes that have occurred within their businesses. Each quarter we publish an industry report with fund manager changes that collate the business and team-related highlights that occurred during the quarter.

Highlights during this quarter include:

Sanlam Investments

In December 2022 the transaction for Sanlam Investments to acquire Absa Asset Management was completed. The transaction was funded through an exchange of shareholding in Sanlam Investment Holdings.

Following the conclusion of the transaction, Sanlam Investment Holdings (SIH) will still consist of a traditional active manager business, a multi-manager business, a collective investments business, an alternative investments business, and South Africa’s leading index tracking business, Satrix.

Ninety One

Simon Howie has stepped down from his portfolio management responsibility from 1 December 2022. Simon has taken over from John McNab as the Chairperson of the Credit Committee. Within Ninety One’s Global 4Factor capability, Greg Kuhnert, co-head of 4Factor, stepped down from his role as co-Portfolio Manager on the China strategies and from 1 November 2022, Greg is the co-Portfolio Manager on our 4Factor International strategy.