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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter