Industry report: Fund manager changes Q2 2020

As part of our investment process, our Manager Research Team meticulously screen the full universe of asset managers and their investment strategies, following a quantitative and qualitative process. We assess managers based on the three precise drivers and philosophies that underpin their investment performance: investment skill, risk factors and idiosyncratic style.

Integral to our on-going process, involves being in close contact with our underlying fund managers to understand their performance, positioning and also any changes that have occurred within their businesses. Each quarter we will be publishing a Fund Manager Changes industry report that will collate the business and team related highlights that occurred during the quarter.

Q2 2020 Highlights

Allan Gray:

  • Chief Investment Officer (CIO) Andrew Lapping will be leaving towards the end of this year, with Duncan Artus stepping in to take over the role as at 1 September.
  • There has also been a number of other significant changes within the investment team. As such our Manager Research Team will be actively engaging with Allan Gray to understand the practical implications and long term outlook of these changes.

Old Mutual Investment Group

  • OMIG has recently launched an ESG Equity Fund which is the first explicitly ESG-focused equity fund in South Africa
  • The fund will be managed by the newly appointed Fawaz Fakier

Prudential

  • There has been several positive appointments and promotions at Prudential.
  • Sandile Malinga and Anthea Angermund were recently promoted to co-manage several of Prudential’s mulit-asset unit trust funds
  • Rahgib Davids and Leonard Kruger joined the investment team from Kagiso Asset Managers and Allan Gray respectively

PSG

  • Justin Floor joins CIO Greg Hopkins and Phillip Wörz in managing the PSG Global Equity and PSG Global Flexible Fund
  • John Gilchrist joins Dirk Jooste in managing the PSG Stable Fund. John will also assume the position of Deputy CIO in order to support Greg in his role as CIO.

Click here to read the full report.