Forbes AuM reach $18.7bn

clock •

SOUTH AFRICA/UK - Alexander Forbes shrugged off the recent bulking scandal to grow its global assets under management to ZAR135bn (US$18.7bn) for the six months ended 30 September, well above the ZAR107bn reported in the same period last year.

The group's multi-manager investment subsidiary, Investment Solutions, was the top performer, achieving a 16% growth in revenue in African operations with the trading result up 19% to ZAR157m. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on South Africa

South Africa

Franklin Templeton appoints Africa head

SOUTH AFRICA - Asset management firm Franklin Templeton Investments has named Jo-Anne Bailey as director of its African division.

Jaishree Kalia
clock 03 November 2011 •
South Africa

Comment: High-octane ESG

Last month I attended the Principal Officers Association Winter Conference in Johannesburg. The conference touched on many subjects: trustee education, transition management, etc. But the subject that seemed to ruffle feathers the most was incorporating...

Raquel Pichardo-Allison
clock 06 July 2011 •
South Africa

South Africa: Updated regs open doors to new investments

Industry officials largely welcome the update to regulations over investment practices but the move to comply comes with some challenges, as Christine Senior reports

Christine Senior
clock 06 July 2011 •
Trustpilot