SEI selects Investec Asset Management for R4.7bn UK Equity mandate

Investec Asset Management today announced that it has been awarded a £300million (approximately R4.7 billion) UK Equity mandate from SEI Investments. This follows the mandate win of R12.4 billion from leading Austrian asset manager Raiffeisen Capital Management, announced in June.

The mandate has been invested in a customised high alpha mandate, which aims to achieve long-term capital growth by investment in an actively managed portfolio of UK equities. Investec Asset Management’s proprietary 4Factor™ stock selection process is at the heart of the investment philosophy.

Hendrik du Toit (pictured), CEO of Investec Asset Management, commented:

“We believe that this appointment by SEI, a leading global provider of comprehensive manager-of-manager solutions, is an endorsement of the quality of our product and of the unique 4Factor process, which is integral to our investment philosophy.

This win cements for us the research and development we have invested into establishing 4Factor as a world-leading global equity product in a marketplace where high performance, robust equity fund management products are in demand from institutional investors. With this in mind, we look forward to cementing our relationship with SEI and working closely together.”

Commenting on the mandate, James Barber, SEI’s Senior Portfolio Manager for UK and European Equities said:

“We are excited to be partnering with a firm that has such strong commitment to research and an open willingness to collaborate with their clients. We believe their disciplined process and talented team are a distinct advantage that will help meet our investment objectives.”