Frederick was a Junior Lecturer in electronical engineering at Stellenbosch University between 1990 and 1992.
He started working at Gencor in 1993 where he was involved in New Business Development since 1996 where he assisted in developing an Australian strategy for Gencor International Gold division. In 1997 he was appointed as the personal assistant to the Chairman and secretary of the Executive Committee.
He joined Investec Asset Management in 1998 as an Equity Dealer and moved to the equities team in 1998. He beame head of Resources as well as the portfolio manager of the resources fund in 2002.
He joined SIM in November 2002 as head of the resources sector and portfolio manager of the Resources Fund.
Patrice Rassou, BSc (Econ), MSc (Econ) LSE, MBA, CA (UK)
* Started investment career in 1999
* Is an experienced equity analyst having spent time analysing both financial and resources companies
* Joined SIM in 2006
* Currently his responsibilities include managing equity pension funds and analysing banking stocks
FUND OBJECTIVES AND FOCUS
Typically this fund will hold a large weighting in JSE shares with a maximum equity exposure of 75%. Capital exposure will also include investments in money market instruments, bonds, listed property and up to 25% in offshore assets. Fund risk is lower than that of a pure equity fund. This portfolio may also invest in participatory
interests of underlying unit trust portfolios.
This is a multi asset class fund which aims to grow capital steadily while providing income over the medium to longer term. The preservation of real capital is of primary importance in achieving this objective. The fund is Reg. 28 compliant and is suitable for retirement savings. The fund may hold up to 25% in offshore assets.