Old Mutual Asset Managers (OMAM) and Umbono Asset Managers in South Africa have formed an alliance to form a new black empowerment group.
OMAM is taking a 20% stake in Umbono Fund Managers with an option to increase it to 30% in two years time. Apart from the investment stake, OMAM will be providing Umbono with technical and back off...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
