Denzil, Senior Portfolio Manager for Old Mutual Asset Managers (OMAM), is currently responsible for a number of corporate retirement fund portfolios. He manages the Optimised Portfolios of the Fairbairn Capital range and the PP Select Life portfolios, as well as serving as alternate portfolio manager for the SA Profile Portfolio range.
Denzil was appointed to the OMAM Asset Allocation Group at its inception early in 2002. Most recently he has taken on responsibility for the management of the multi-style global asset portfolios of OMAM (SA). This primarily entails overall strategy and specialist manager selection.
Denzil joined the Group in 1983, and has held a number of different positions in the investment area. His broad experience has given him a wealth of knowledge across a wide range of investment matters, with one of his responsibilities having been the co-ordination of asset swap activity and liaison with OMAM's global asset managers. He has also managed pooled and segregated portfolios for SA and Namibian clients for many years.
FUND OBJECTIVES AND FOCUS
The fund aims to maximise growth of money over the longer term. To achieve this it invests in global (local and international) shares, bonds and money market instruments.
The fund manager decides on the appropriate investment mix - diversifying across asset classes, world markets, currencies and economies in an attempt to maximise the investment growth. Through this diversification, the fund manages the risk of capital loss as poor performance of one asset may be offset by the stronger performance of other assets.
Investors who are prepared for shorter term market volatility in order to take advantage of high, long term growth opportunities from local and international markets. These investors understand the risks associated with an investment in shares and are able to invest for at least 5 years. They want an aggressively managed fund diversified across different asset classes, currencies, economies and industries, where market timing decisions are left to the fund manager.
This is a moderately aggressive risk fund (risk rating 4). Performance is affected by stock market and exchange rate movements, so expect short term fluctuations in the fund value. The fund is also exposed to interest rate fluctuations. When rates rise/fall, the bonds held by the fund will fall/rise in value. Risk is reduced by the following: a) A portfolio diversified across countries and industry sectors minimises specific company, country and currency risks. b) The short term nature of the fund's cash holding reduces its price fluctuations and interest rate risk.