South African fund ditches local manager

clock •

South Africa's Murray & Roberts Retirement Fund has dropped Old Mutual due to "poor performance" and appointed SEI Investments.

Old Mutual previously had a R153m (£13.5m) equity mandate and Gensec had a R148m equity mandate. SEI’s new mandate of R250m is for global equities. Gensec has also been given a new R80m internation...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Africa

Africa

Africa tipped to lead frontier market growth

GLOBAL - Africa and Russia represent some of the best investment opportunities for funds considering emerging and frontier markets, Danish pension funds heard.

Chris Panteli
clock 20 May 2011 •
Africa

MENA region oversold - Mobius

MENA - Mark Mobius is "cautiously" looking to buy oversold quality companies in the Middle East and North Africa, despite increasing volatility in the region.

Emma Dunkley
clock 15 March 2011 •
Africa

MENA region still attractive despite unrest

MENA - The Middle East and North Africa (MENA) still offer investors attractive opportunities despite the current political turmoil, ING Investment Management believes.

Chris Panteli
clock 04 March 2011 •
Trustpilot