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A stealthy risk lies behind the veneer of success of the performance of certain elite fund management houses within South Africa, says Adrian Clayton, a fund manager at PSG Fund Management.
RMB Asset Management reports that the rand lurched weaker on Friday, knocked by the dollar's surge after a strong US employment report, but dealers said the key level of R7,03 against the dollar was likely to hold unless the greenback rose further.
Quaystone cites the challenges facing smaller players in the asset management industry, while saying that arrangements have been made with Old Mutual Asset Managers (South Africa) (OMAM), to facilitate introducing OMAM’s capability to Quaystone clients.
Some months ago, James A. B. Downie, who runs www.assetbase.co.za, quoted the words of a Shania Twain song called Ka-Ching which generated a great deal of response from recipients so thanks for all the e-mails.
The strongest deterrent against FSP compliance missteps is or should be: