Nedgroup ventures into German market

Nedgroup Investments, the asset management division of South African Nedbank Group, has announced that its $469m Global Flexible Ucits fund is now available to German investors.

The fund, which is sub-advised by US boutique First Pacific Advisors (FPA) follows a contrarian value strategy led by co-portfolio managers Steven Romick, Brian Selmo and Mark Landecker.

The team aims to build a bottom up portfolio whilst taking dvantage of risk-return asymmetry across the capital structure and being prepared to hold meaningful amounts of cash for extended periods when value opportunities are scarce.

According to James Amy, head of International Development at Nedgroup Investments, the fund has attracted growing interest among European investors and Germany was a critical first step in meeting that demand.

Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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