Asset Managers

I had a good visit to the ‘new’ asset manager in Johannesburg two weeks ago that I mentioned I was going to visit. I liked them. The smallness, (they only have around 22 billion Rand of assets under management) the philosophy, the accountability. I would have liked a slightly more…. team approach to stock selection, or even a buy-list created by a team, off which the fund manager may only buy those companies listed. This means that the manager would have the final say, but only buying companies from what the research team has collectively approved to buy, or not. They do not do this. The two managers may buy or sell as they see fit. However, they do have a team of eleven analysts, for research and discussion. So, there is a good process. I will begin using them where appropriate for clients for growth assets.