Ranmore Fund Management, the UK-based global equity value manager, saw the Ranmore Global Equity Fund surpass $200m AUM for the first time in March 2024.
Ranmore Global Equity Fund plc’s USD Investor class has been rated 5 Crowns by FE fundinfo and 5 Stars by Morningstar, assigned to the top 10% of funds, it said in a statement on 8 April.
Meanwhile, the BCI Ranmore Global Value Equity Feeder Fund has reached R656m thanks to the partnership with the Cape Town-based Collective Investment Schemes (CIS) manager Boutique Collective Investments (BCI).
Management of Ranmore’s South African feeder fund moved across to the BCI platform in March 2023.
Sean Peche, Portfolio Manager at Ranmore, said: “We are delighted that our Global Equity Fund has crossed the $200 million AUM mark as we continue to attract new UK and SA wealth manager clients. Importantly, our largest wealth manager client represents less than 10% of our total assets, ensuring minimal client concentration risk, while the growth in assets continues to reduce our run rate TER / OCF.
“Additionally, the success and substantial growth in assets of the R656m BCI feeder fund makes it a very important component of the R4.2bn Ranmore Global Equity Fund. BCI have been fabulous partners, as we have seen a 48x increase in feeder fund assets invested in Ranmore Global Equity Fund since BCI took over.
"We’re fortunate to work with such an effective and efficient organisation to make global equity investing so accessible for South Africans. Having partners like BCI provides us with the freedom to remain focused on our only objective – attempting to generate excellent real returns for our clients."
Robert Walton, chief executive officer at Boutique Collective Investments, said: "We are thrilled to have helped Ranmore to reach this milestone. We look forward to continued success and growth in our collaboration.”
