Stephen joined Absa Capital in 2003 as an Investment Banker, and held positions in Corporate Finance and Private Equity. In 2006 he joined Absa Asset Management (ABAM) as a Resource Analyst responsible for all resources investments made by ABAM. A position he still holds today. In addition, he was appointed the fund manager of the Absa Rand Protector Unit Trust in June 2006, and the fund manager for the Absa Flexible Equity Unit Trust in June 2010. Stephen has over 20 years of investment and asset management experience. He has been employed by a number of investment companies including, Liberty Assets Management, Nedcor Investment Bank and Absa Asset Management. During this period he held positions as an equity analyst and portfolio manager, managing a number of unit trusts and pension fund portfolios.
Dale Hutcheson, BCom, Dip(Acc), HDip(Tax), CA(SA)
Dale Hutcheson joined Absa Asset Management on the 7th January 2008 as Industrial Analyst. After completing articles Dale left Deloitte - Touche in June 2002 to join Credit Suisse First Boston, which became Macquarie First South (MFS). Dale s time at MFS was spent briefly as a financial manager, then as a HOLT specialist and lastly as an analyst. As a HOLT specialist Dale was involved in corporate consulting around financial performance measurement and consulting to the asset management community. As a HOLT specialist Dale also performed analysis and produced or contributed to fellow analyst research reports on the telecommunications, IT, electronics and engineering, platinum, gold, retail and food producer sectors. As an analyst at MFS Dale Hutcheson became a rated construction analyst while he also spent some time covering small caps and the hotel and leisure sectors. In November 2006 Dale joined Credit Suisse Standard Securities where he continued to cover the construction sector. Dale is a CA(SA) with a H(Dip) (Tax Law).
FUND OBJECTIVES AND FOCUS
Absa Large Cap Fund will be a large cap fund in the domestic equity large cap sector that will invest the majority of its assets in South African investment markets at all times, and will predominantly invest in securities of an equity nature. The majority of the equity securities will be large capitalisation shares from the FTSE/JSE Africa Top40 Index (J200).