Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Sanlam's Kooyman relinquishes global fund to focus on Financials

Sanlam's Kooyman relinquishes global fund to focus on Financials

Former Citywire Star Manager Kokkie Kooyman has stepped down from his global equity fund to focus more closely on his financials-focused strategy.

In a note to investors, the Cape Town-based manager said he would be relinquishing his co-manager role on the Sanlam Global Best Ideas fund.

This will see the fund fall to current co-manager Douw Steenekamp, who was added to Sanlam Investments’ portfolio management team in 2011.

Kooyman launched the fund, which has $424 million in assets, as a Dublin-domiciled vehicle in August 2006.

Kooyman said the decision to step down was driven by a desire to both concentrate on the Sanlam Global Financial fund, which was profiled in Citywire’s Performance Clinic feature earlier this year, as well as take on more operational aspects of Sanlam’s business.

He said: ‘This change will enable me to focus on my own strengths and core areas of expertise in managing the Sanlam Global Financial Fund and in building the SIM Global business, which is something I look forward to.’

Kooyman said he has worked closely with Steenekamp over the past two-and-a-half years to ensure there is a shared vision for the global equity fund and said, despite the change, the investment philosophy will remain the same.

The Sanlam Global Best Ideas A USD fund has lost 4.94% in the three years to the end of December 2013. This compares to a rise of 36.37% by its Citywire benchmark, the FTSE World TR EUR, over the same period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter