SA’s newest asset manager Curate has launched three global equity funds for domestic investors looking to diversify their portfolios offshore, with its CEO Ray Mhere saying he is confident the funds will come good for investors.
Mhere said the funds gave investors access to global managers with a track record in the industry, Jennison Associates, Lyrical Asset Management, and Evenlode Investment Management.
“Our focus is on providing the best of global investing to our clients. This launch goes beyond just adding new funds to our offering. It’s about offering carefully selected, world-class investment opportunities that resonate with the evolving needs of the SA market,” he said.
“We’ve scoured the globe to find the best people to manage each of our unit trusts, so our investors don’t need to search through hundreds of different funds to find reliable and trustworthy managers — we’ve done that work for them.
“Unlike most asset managers, we do not manage any of the funds ourselves. We want specialists who offer something unique for each of our strategies, because we do not believe one manager can do everything equally well. We are confident that our managers can deliver what we and our investors are looking for. It also means that investors can feel secure that their money is in good hands.”
The New York-based Jennison has about $214bn in assets under management, and will manage the Curate Global Growth Equity Fund, while UK-based Evenlode Investment Management will manage another fund, with the last fund managed by another New-York firm, Lyrical Asset Management.
All three Curate Global Growth Equity Funds will be denominated in dollars. Curate has assigned a high-risk profile to the funds, with the potential to deliver high returns over longer periods of at least seven years.
“When researching any fund manager, Curate’s primary interest is always in the people who work there. We look for long-term partners who show professional integrity, loyalty and alignment with our manager selection criteria and expectations. Those are the kinds of people we know we can trust to look after our clients’ money,” Mhere said.
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