After completing his articles at Alex Aitken and Carter he joined UAL Merchant Bank in 1979, initially assisting as a portfolio manager and later working as an investment analyst. After completion of a full time MBA he relocated to the USA where he spent nine years as a stockbroker/financial consultant, mostly with Shearson Lehman Bros. He returned to South Africa in 1992 and joined Old Mutual Invesments with involvement in portfolio management and client report backs. He joined SCMB Asset Management division in 1995, after a stint in portfolio management at RMB Asset Management. Paul Hansen is responsible for managing the onshore portion and Fidelity Investment Managers the offshore portion.
FUND OBJECTIVES AND FOCUS
The STANLIB European Fund of Funds will aim to provide long-term capital growth from securities listed in continental Europe (excluding the United Kingdom). The portfolio will generally invest in, but not be restricted to medium to large market capitalisation sized companies. The portfolio will include listed securities and non-equity securities and any other securities which may be considered consistent with the portfolio's objective. The portfolio may also invest in the participatory interests of other collective investment schemes. This portfolio may have a maximum of 100% direct and/or indirect foreign exposure.