Manager Research

We provide detailed institutional-quality global investment manager research and fund ratings. We have a highly experienced
manager research team based in the UK and South Africa.

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Jupiter's acquisition of Merian
17 Feb 2020
Today, it was formally announced that Jupiter will be acquiring Merian Global Investors. We spent the morning in discussion with Jupiter and Merian, having already spent time with both CEOs recently to discuss this sort of potential activity. At this early stage, we would offer two high-level commen...
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Beware cash flow yields on global equities
5 Feb 2020
Asset allocators view equity and bond valuations quite differently. For bonds, they pay particular attention to starting yield because this is precisely the return they should receive if the investment is held until maturity. On the other hand, for equities as an asset class, they seldom pay as much...
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M&G Property, Woodford, Barnett & GARS
9 Dec 2019
It has been an immensely frustrating time for investors as many flagship funds have let them down. We sympathise with everyone that has struggled through this period, during which household names such as M&G Property Portfolio, Woodford and SLI GARS have all potentially contributed to reducing b...
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Investec listing
22 Nov 2019
Investec Asset Management announced their intention to demerge from the Investec Group in September last year. In order for this to go ahead, Investec needed approval from the relevant regulators and from shareholders. Regulators recently gave the demerger the go-ahead from their perspective, e...
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Janus Henderson fined
22 Nov 2019
As you may be aware, we spend a lot of time assessing value for money within the funds we rate. It is a real problem in the industry, where fund fees have an arbitrary link to the value they aim to add. Put another way, clients can receive a poor outcome and still pay full fees, as we saw recently w...
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Value or growth strategy?
18 Nov 2019
Is value investing still valid or is growth investing the only compelling approach to investing in equities? Let’s start with an explanation of both approaches. Growth investors are usually willing to overpay for current earnings because they estimate that future earnings potential is so much...
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Mark Barnett's letter to clients
11 Nov 2019
Like most research firms, we received a letter from Invesco's Mark Barnett on 8th November discussing his funds and effectively distancing himself from Woodford to avoid contagion. It is interesting that this comes on the back of a downgrade from a mainstream ratings agency. As you may be aware, we ...
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M&G demerger from Prudential
5 Nov 2019
M&G Investments officially split from insurance business Prudential on 21st October 2019. This will make M&G one of the largest fund management firms in the UK after Standard Life Aberdeen and Schroders, propelling them into the FTSE 100. This comes just two years after the businesses merge...
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Schroders sells stake in RWC
5 Nov 2019
It was announced last week that Schroders will be completely selling out of its minority stake in RWC, alongside CEO Peter Harrison who also holds a chunk of the business. As was the case at the time of the Merian management buyout, clients will know that we tend to perform a thorough due diligence ...
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Fidelity's Bill McQuaker to step down
23 Sep 2019
We were sorry to hear last week that Bill McQuaker is to retire from fund management duties due to ill health. He will remain in his current position until the end of the year, at which point Chris Forgan will assume responsibility for the Multi Asset Open range, assisted by co-PM Charlotte Haringto...
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