Sanlam UK has teamed up with VAM Global Management in a partnership that will see Sanlam's discretionary fund management (DFM) team now look after three of the latter's funds.
Under the agreement, Sanlam will manage the VAM Cautious, VAM Balanced and VAM Growth funds, with each portfolio designed to suit a specific investor preference. Sanlam said the move reflected a broader trend of discretionary funds moving away from the fund-of-funds model in order to access better costs and improved transparency for investors. The VAM funds were launched in 2011 as a response to rising demand for direct DFM services from its international clients. VAM's discretionary funds will also pivot from a fund-of-funds model to a directly invested approach in order to leverage ...
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