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NINETY ONE SAYS GLOBAL INVESTMENT EXPERIENCE COUNTS For the second year in succession, Ninety One has won the coveted Raging Bull Award for South African Manager of the Year. MARTIN HESSE reports
ASSET manager Ninety One attributes its Raging Bull Award for the South African Manager of the Year to the global nature of the company’s highly experienced investment team. For the second year in a row, the company was crowned South African Manager of the Year at last week’s Raging Bull Awards, for the superior performance of its unit trust funds to the end of 2021. In second place was last year’s runner-up, Cape Town boutique asset manager Mi-Plan, and third was Coronation Fund Managers. The Offshore Manager of the Year award went to Melville Douglas, the offshore investment arm of the Standard Bank group. The awards, hosted annually by Personal Finance, were sponsored this year by the JSE, Sanlam Investments, and Melville Douglas. The data suppliers were ProfileData and its subsidiary PlexCrown Fund Ratings. The ceremony, as last year, took the form of a video presentation, which can be viewed on the IOL News YouTube channel. Apart from the Manager of the Year awards, eight Raging Bull Awards and 30 Raging Bull Certificates went to individual funds in local and offshore categories (see page 8).
SANGEETH SEWNATH, DEPUTY MANAGING DIRECTOR OF NINETY ONE
LOCAL WINNER Ninety One is one of the most well-established asset management companies in South Africa, with a highly experienced investment team that has a presence in major centres across the globe. The company changed its name at the beginning of 2020, from Investec Asset Management to Ninety One, when it separated from Investec Bank. It has received many accolades at the Raging Bull Awards over the years. In an interview with Personal Finance, Sangeeth Sewnath, deputy managing director at Ninety One, said winning the award for a second time in a row in the two years since the company’s demerger was further
confirmation that investors could be as confident in Ninety One as they were in Investec Asset Management. “We’ve spent a lot of time explaining to our clients that despite the demerger and the listing, what we do hasn’t changed, the people that they deal with haven’t changed, and I think this award emphasises and reinforces what we’ve been saying for the last two years,” Sewnath said. When asked the reasons behind Ninety One’s performance over and above the performance of the markets (what is known in the industry as “alpha”), Sewnath pointed to the global nature of the company’s substantial investment team. “We have over 250 investment
