Investec Asset Management was last week awarded the accolade of ‘Best Africa Fund Manager’ at the 2009 Africa Investor Index Series Awards held last week at the New York Stock Exchange.
The asset manager that also operates in Botswana said the award comes on the back of news that Investec Asset Management has experienced record net inflows in the year to date due to the success the firm has achieved across its investment capabilities.
Investec Asset Management CEO, Hendrik du Toit, says they are happy that his company has been recognised as Best Africa Fund Manager’ by Africa Investor.
“We continue to believe in the dynamic growth and opportunities in African frontier markets and this award acknowledges the success we have had in developing our market-leading frontier markets capability,” he says in an e-mailed statement on Friday.
The awards are the only international, pan-African awards that recognise and reward Africa’s institutional investors, stock exchanges, best performing listed companies, stockbrokers and capital market regulators.
Investec Asset Management was selected from a shortlist of managers whose performance over the year 2008-9 was assessed.
“It is also testament to the success we have had at Investec Asset Management in building investment capabilities from scratch where we identify a long-term investment opportunity. This is a strategy that has proven equally successful with a number of our investment capabilities such as global equities, emerging market debt and commodities,” he added.
Founded in 1991 in Cape Town, South Africa, Investec Asset Management manages in excess of $55 billion, with approximately $25 billion invested on the African continent on behalf of a global, primarily institutional, client base.
