PIC gets new chief operating officer

SA's largest fund manager, the Public Investment Corporation, has appointed Petro Dekker as its chief operating officer after she acted in the post.

• PIC swoops on AfriSam
• PIC's Kekana to quit
• PIC looks beyond borders

Fund manager says bond market 'corrupt'

Futuregrowth chief investment officer Andrew Canter says the current system of fixed income pricing is corrupt.

• 2010's top investment
• Right manager, right fund
• 'Choose money market, not bonds'

Coronation may chase bargains in N.Africa

Coronation Fund Managers says it is ready to pursue investments in North Africa after political turmoil hit asset values in several countries in the region.

• Tribunal to consider property deal
• Massive pension surplus battle resolved
• Pangbourne investors okay Capital takeover

The five 'P's in the pod

• Multi-manager role ‘remains valid’
• FSB takes on asset manager
• Retirement fund members upbeat

Growth outlook slows

IT APPEARS that Fountainhead – which featured on a number of stock-picking lists earlier this year – has lost favour among fund managers. The share has been sold down quite aggressively in recent weeks, with its price sliding around 7% since early April. A key concern is the redevelopment of the 48 000sq m Blue Route Mall in Tokai, Cape Town, one of Fountainhead’s top five properties in its R7,76bn property portfolio. The shopping centre faces a R780m overhaul, scheduled to begin in June, which