RECM expands team on the back of solid 11 year track record

Cape Town based Global Value Fund Manager, RECM today announced the appointment of Doug Thomson to head up its business development and marketing.

“Doug has 18 years of investment experience, which spans the full spectrum of global and domestic traditional assets as well as private equity, credit and hedge funds.” says Jan van Niekerk, RECM CEO. Doug was previously Head of Client Service at Brait and Head of Institutional Business Development at Investec Asset Management.

Van Niekerk says “We have spent the better part of the past decade focusing intensely on the investment side of the business, and correctly so. With the investment team now firmly established and the process having been tested through various market cycles and geographies, it is appropriate to bring on board high calibre individuals such as Doug to ensure our client communication and service matches the high standard we hold ourselves to on the investment side.”

Since its inception in 2003, RECM has successfully navigated both local and global financial markets for its clients - adhering to the value investment philosophy throughout. This has seen the firm delivering solid investment results over full market cycles to its investors, drawn to RECM for their focus on growing capital in real terms whilst protecting against the risk of permanent capital loss.

The firm’s flagship rand-based fund, the RECM Global Flexible Fund, has delivered net returns that are more than 10% per annum ahead of inflation since its inception in 2003. “The value investment philosophy works well to protect investors against downside risk during falling markets.” added van Niekerk. RECM has not only built a sound reputation managing South African assets but has also established a strong footprint in global investing, with the RECM Global Fund recently placing 9th out of 1462 global competitors in its Morningstar category for its returns since inception in March 2006.