Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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.

Related Fund Managers

Douw Steenekamp
Douw Steenekamp
334/340 in Equity - Global Equities (Performance over 3 years) Average Total Return: 7.33%
Kokkie Kooyman
Kokkie Kooyman
12/12 in Equity - Banks & Financials (Performance over 3 years) Average Total Return: 5.79%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter