Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 11:05
As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.
Johannesburg - Financial services group Sanlam on Thursday announced two new international investment management transactions,
one an acquisition in the UK and the other the formation of a new asset manager
in Asia.
Hendrik Pfaff, managing director of Sanlam International Investment
Partners (SIIP), says that these developments are in line with the strategic
objective of expanding the group's global asset management footprint through
direct investment in specialist investment management businesses in specific
regions.
The first deal is an investment partnership with UK-based investment
manager, Four Capital Partners (Four). In terms of the partnership, Sanlam
will take an initial equity interest of 29.9% (subject to various regulatory
approvals) in the firm for an undisclosed sum.
Pfaff says: "Four is a quality specialist investment management business
that complies with all the key criteria that SIIP looks for in an investment
partner. The senior management team is experienced and impressive, the
investment process is proven and the performance track record outstanding. We
look forward to assisting in developing Four into one of the leading specialist
asset management businesses in Europe."
The second announcement is the establishment by SIIP of an Australian-based
specialist Asia Pacific funds manager, Eight Investment Partners (8IP) (subject
to regulatory approval).
"I am delighted that Kerry Series, formerly Head of Asia Pacific Equities
for AMP Capital Investors, has joined 8IP as CIO and shareholder. Series is one
of the most experienced Asian equity investors in Sydney, with a history of
generating alpha for clients over many years. Having been a Co-Founder of
Perennial Investment Partners, his track-record in both markets and business
made him an excellent choice to lead this venture. We look forward to working
with him to develop 8IP into one of the leading specialist asset management
businesses in Asia," said Pfaff.
- I-Net Bridge