| OFFSHORE PROVIDERS | SOUTH AFRICAN PROVIDERS | |
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Ashburton With its headquarters in Jersey, Channel Islands, Ashburton has been in business for some twenty five years and is a distinctive, niche investment manager, which is known for its nimble investment strategy decisions as well as its annual visits to South Africa where clients are able to meet with the fund managers handling their offshore wealth. Ashburton offers a focused range of funds which give the investor exposure to various geographic regions and asset classes as well as to a core asset allocation service which aims to produce long term capital growth while keeping volatility to a minimum. The in-house research team is used to provide most of the information required for decision making while attention is often paid to global sentiment when asset allocation is decided. Coronation Established in 1996 under the leadership of Tony Gibson, the team comprises Tony and Ken Lewis in London and Louis Stassen, Charles De Kock, Gavin Joubert & Karl Leinberger in Cape Town. The Coronation group now manages R120 billion in assets including a strategic partnership with Namibia Asset Management. Nedgroup Trust Franklin Templeton Franklin Templeton Investments offers investment choices under the Franklin, Templeton and Mutual Series names and manages US$617.9 billion in assets (as of August 31, 2007) composed of mutual funds and other investment vehicles for individuals, institutions, pension plans, trust and partnerships in 150 countries. The San Mateo, California-based company has 60 years of investment experience. Glacier International Glacier’s offerings include a fund of funds operation, a LISP platform as well as the provision of wills, trusts and estate planning services. The LISP provides access to a wide range of unit trust funds managed by various asset managers for both discretionary and compulsory monies as well as access to share portfolios through various stockbrokers. Glacier International, its locally based offshore investment distribution company, offers a locally registered international endowment platform which provides access to a range of offshore funds managed by various international management firms within a tax-efficient life wrapper. It also provides access to Sanlam Investment Management’s own range of offshore funds managed by by Kokkie Kooyman and his team in Cape Town. Invesco The INVESCO International Development Division is responsible for the marketing and selling of the INVESCO offshore product range in the United Kingdom, Channel Islands, Isle of Man, Ireland, Bermuda and the Caribbean, Mediterranean countries (e.g. Malta, Cyprus, Gibraltar), as well as the Middle East and Africa. Investec Established in Cape Town in 1991, the firm has been built from start-up into an international business managing in excess of US $60bn on behalf of third party clients. With the acquisition of Guinness Flight in 1998 Investec have grown from domestic roots in the UK and South Africa to a position where they now serve a growing international client base from the Americas, Europe, Asia the Middle East and Africa. They employ 100 investment professionals. The equity analysis philosophy at Investec is built around its four factor approach. When seeking new investment opportunities in companies, Investec looks at these four factors: Strategy, Valuation, Dynamics & Technicals. LloydsTSB The management of its offshore funds is outsourced to Scottish Widows Investment Partnership (SWIP), the UK based asset manager with ₤97.6bn under management. SWIP was created in 2000 when Hill Samuel Asset Management merged with Scottish Widows Investment Management. Nedgroup Investments (IOM) Ltd The core business of Nedgroup Investments is to afford private and institutional investors access to a focused range of fund of fund investment solutions using a proven multi-manager process. Through this process, Nedgroup Investments selects and blends a suitable mix of the world`s asset managers and funds to create portfolios that attempt to match the specific investment objectives and risk profiles of various investor categories. The concept was developed in response to the belief that no single fund manager is able to perform consistently well across all asset classes and styles all, or even most, of the time. Orbis They are deep value managers who use their own research to select equities that are priced significantly below an assessment of their intrinsic value. They believe that a focused portfolio of such equities will deliver superior long-term returns at less risk of loss than the average equity portfolio. For investors seeking positive returns regardless of stockmarket trends, Orbis has absolute return funds that invest in their equity portfolios, complemented with hedging to reduce the risk of loss associated with declines in stockmarkets. Orbis funds have performance-based fees, weekly dealing and no front or back end loads. Sarasin Sarasin aim to provide an unusual combination of successful investment performance , using its well known thematic approach, as well as high service standards. Founded in 1841, Bank Sarasin is today one of Switzerland’s leading private banking institutions. The Sarasin Group – headquartered in Basel, Switzerland – is represented in Geneva, Lugano and Zurich as well as in Dubai, Guernsey, Hong Kong, London, Munich, Paris and Singapore. Its major shareholder is Rabobank. Standard Bank Offshore Services Standard Bank Offshore is a wholly owned subsidiary of Standard Bank Group Limited. Standard Bank Offshore comprises a number of companies located in the offshore jurisdictions of Jersey, the Isle of Man and Mauritius. They provide a range of offshore services for the personal, professional and corporate client, including banking, fiduciary and corporate services, stockbroking, asset management, and offshore fund management. Trident Trust Company (Guernsey) Limited Trident’s core focus is the administration of international entities such as offshore trusts & companies. |
Allan Gray The Head Office is in Cape Town and is staffed by over 500 people. Allan Gray also has an office in Johannesburg; Gaborone, Botswana and Windhoek, Namibia. Allan Gray’s global asset management partner, the Bermuda based Orbis Group, manages a range of offshore equity mutual funds. The two groups share a common founder in Allan W B Gray and share the same ethos and value-based investment approach. The investment research efforts are also integrated so as to enhance the global investment management capabilities of the two firms. Coronation Fund Managers They manage funds in excess of R120 billion, and have offices in South Africa, Botswana, Ireland and the United Kingdom. They also have a presence in Namibia through their shareholding and strategic partnership with Namibia Asset Management. Coronation specialises in stockpicking and the company prides itself on its independence of thought as well as its ability to rely on its own research rather than bought in research. Entrepreneurial flair is sought after and encouraged amongst its investment professionals. Since 2001 their unit trust company has ranked in the top two positions of the Raging Bull Award for ‘Best Unit Trust Company in South Africa’. Discovery Invest & Discovery Life Discovery also won the SAFSIA 2007 award for the “Long-term insurer of the year in risk products” category and they were also voted the top risk and life assurance supplier at the 2008 Financial Intermediaries’ Association Awards. Discovery Invest Eighteen months after launching, Discovery Invest managed more than R1 billion worth of assets. Foord The aim at Foord is to combine superior client service with intelligent and creative investment strategies at the lowest possible cost to its clients in order to achieve the best possible return on their investment. The team at Foord consists of 10 investment professionals, 9 related professionals and about 12 administrative and marketing staff. Foord currently has manages R13bn under management in its five retail local and offshore unit trust funds apart from its institutional and Private Client funds. Glacier Glacier’s offerings include a fund of funds operation, a LISP platform as well as the provision of wills, trusts and estate planning services. The LISP provides access to a wide range of unit trust funds managed by various asset managers for both discretionary and compulsory monies as well as access to share portfolios through various stockbrokers. Glacier International, its locally based offshore investment distribution company, offers a locally registered international endowment platform which provides access to a range of offshore funds managed by various international management firms within a tax-efficient life wrapper. It also provides access to Sanlam Investment Management’s own range of offshore funds managed by by Kokkie Kooyman and his team in Cape Town. Investec Asset Management Established in 1991, the firm has been built from start-up into an international business with assets under management in excess of $60bn*. Investec Asset Management has offices in the UK, Southern Africa and Asia and employs around 100 investment professionals. Their range of unit trust funds is managed in-house by a diverse and experienced team of portfolio managers and analysts. Marriott Their main focus is the provision of a predictable, and where possible, increasing revenue stream which is not dependent on the level of local interest rates, into perpetuity. The products provided by Marriott are designed in such a way as to provide a reliable and predictable income for the retired investor without ever eroding the capital base. A portion of the income is always reinvested to ensure an expanding capital base and, with it, income growth. Nedgroup Investments Their innovative Best of breed™ investment management strategy sees them partner with select independent fund managers, individuals and teams who they believe will deliver exceptional investment performance over the long term. These external teams are carefully selected to manage each of the Nedgroup Investments unit trust funds. For this reason, there is no typical Nedgroup Investments investment style. Their clients’ assets under management now exceed R28 billion. RE:CM Their investment philosophy is that investment markets are very efficient over the long term, but highly inefficient over shorter periods. In order to exploit this, RE:CM adopt a disciplined bottom-up valuation approach to asset selection and they do not pay much attention to the weighting of their holdings in the relevant indices. RE:CM manages both retail as well as institutional funds. The team consists of 11 investment professionals and around 9 administration and marketing staff. RE:CM currently manages just over R18bn in its five local and offshore unit trust funds. Sentinel Trust Sentinel provides international services via their associate offices based in Switzerland, Guernsey and Jersey, Channel Islands. Sentinel has offices in Cape Town, Port Elizabeth, Durban, Johannesburg and Pretoria. |
