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Adrian Saville departs Cannon Asset Managers
He will however retain his position as a Professor of Economics and Finance at the Gordon Institute of Business Science.
By Patrick Cairns, Citywire
13 Apr 2021 12:15
Image: Moneyweb
The founder and former CEO of Cannon Asset Managers Adrian Saville (pictured)Â has left the company. This week he formally joined London-based multi-family office Genera Capital as an investment specialist in their Johannesburg operation.
“Adrian will focus on the efficient implementation of our risk-balanced multi-asset and specialist portfolios,” Genera said in a note. “With over 25 years of experience, Adrianâs entrepreneurial flair and passion for financial markets make him an obvious fit for the families we represent.”
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CIO Iain Power is also aware of the need to manage risk in the current environment.
By Patrick Cairns, Citywire
17 Mar 2021 11:00
Truffle Asset Management believes the backdrop for global equities remains positive.
Several factors suggest risk assets will continue to do well, including: the extent of fiscal and monetary stimulus around the world;Â countries gaining a measure of control over the Covid-19 pandemic; a synchronised global economic recovery; growth in company earnings off a low base; and subdued inflation expectations.
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A record year for unit trust inflows in 2020
The latest statistics from Asisa show that collective investment schemes took in their highest ever annual inflows last year. Hedge funds, however, saw money trickle out.
By Patrick Cairns, Citywire
10 Mar 2021 10:20
Image: Supplied
The local collective investment scheme (CIS) industry took in net inflows of R213bn in 2020. This is the highest annual net inflow in the industryâs 55-year history, according to the Association for Savings and Investment South Africa (Asisa).
It also took the total assets under management (AUM) in rand-denominated CIS funds to a record level of R2.73tn at the end of December.
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Large multi-asset funds lose ground.
By Patrick Cairns
21 Jan 2021 00:01
The Allan Gray Balanced Fund saw net withdrawals of R13.3bn but is still comfortably the largest unit trust in the country. Image: Supplied
Local investors appear to be losing some of their affinity for the countryâs largest multi-asset unit trusts.
According to Morningstar data, eight of the 10 local funds with the highest net outflows last year are among South Africaâs 25 largest unit trusts overall. Four of them are in the top 10 by size.
All 10 of the funds that experienced the most substantial net outflows last year are multi-asset portfolios. Five are high equity funds, three are low equity funds, and there is one each from the multi-asset flexible and multi-asset income categories.