Investec Asset Management wins €1bn mandate from leading European asset manager

Investec Asset Management today announced that it has been appointed by Raiffeisen Capital Management, the leading Austrian asset manager and a major presence in the Central and Eastern European fund arena, to manage five mandates with a combined value in excess of €1bn. This partnership marks a dynamic step for Investec Asset Management’s growth in the European market, establishing the building blocks for further expansion in its international business.

The mandates will be invested in a range of Investec’s Global and regional Equity propositions, each with the firm’s unique 4Factor™ investment process at their core.

Investec Asset Management’s rigorous 4Factor process has become integral to the firm’s investment philosophy, backed by an experienced and well-resourced team.

Hendrik du Toit (pictured right), Chief Executive Officer, Investec Asset Management, commented on the win:

“This is a tremendous away win for an investment firm founded in South Africa. We are delighted with the appointment, which sees us partnering with an important international investment player like Raiffeisen Capital Management, which manages more than €40 billion (R496 billion). We believe this win is a clear step in establishing a footprint into the region, and underlines our presence in the fund management arena as an international investment manager of global assets.”

“The appointment is also testament to the strength and consistent performance over time of our proprietary 4Factor process for equity investment. We are pleased that this mandate win spans not only our core Global Equity offering but also encompasses a number of our regional investment propositions. We see the opportunity of working with Raiffeisen Capital Management as much more than a mandate win – it is an opportunity to establish a long-term partnership with a top quality European House.”

Gerhard Aigner, General Manager of Raiffeisen KAG, said:

“Having reviewed managers in the marketplace we believe that Investec Asset Management offers us the sort of highly experienced and motivated team that we want to work with on the management of our portfolio, as well as a unique investment process in 4Factor.”