View the article online at http://citywire.co.uk/wealth-manager/article/a732509
Sanlam's Kooyman relinquishes global fund to focus on Financials
by Chris Sloley on Feb 06, 2014 at 11:11
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.
News sponsored by:
Today's top headlines
More about this:
Look up the funds
Look up the fund managers
More from us
- Sanlam's Kooyman reveals his taper trauma
- Kooyman brands India his ‘nightmare country of the year’
- Kooyman remains bearish on Europe
On the road
by Dylan Lobo on Mar 10, 2014 at 14:45