07.06.2012

Four top regional asset management companies have been appointed as investment advisors to Cornhill Management’s WIOF fund range, it was announced today.

Emirates NBD Asset Management, the largest financial institution by assets in the Middle East, has become the advisor for the WIOF Middle East Performance Fund; Reliance Wealth Management Ltd, one of India’s premier niche wealth management companies, takes on the investment advisor role for the WIOF India Performance Fund.

Sanlam Investment Management, one of Africa’s foremost asset management firms, is the new investment advisor for the WIOF African Performance Fund; and Reliance Asset Management Sdn Bhd (Malaysia), which is also the current investment manager for Cornhill Management’s top-performing WSF Reliance Global Shariah Growth Fund, has been appointed investment advisor for the WIOF China Performance Fund.

Each advisor was carefully chosen using Cornhill Management’s rigorous screening process which ensures that only world-class asset managers are appointed to advise on its funds.

The appointments extend Cornhill Management’s global reach and underline the strength of its products by bringing together the expertise of top investment specialists in some of the world’s most dynamic investment regions with Cornhill Management’s market-leading investment solutions.

 

Derek Chambers, CEO of Cornhill Management, said: “These appointments bring some of the strongest asset managers in their regions to more investors. We are delighted to be working with our new investments advisors and look forward to our co-operation with them.”

 

Cornhill Management’s WIOF products are a range of Luxembourg domiciled, UCITS compliant SICAV sub funds investing in markets around the world.

They are available for subscriptions US Dollars, Sterling, Euros, Swiss Francs, Swedish Kroner, Hong Kong Dollars, Singapore Dollars, Polish Zloty and Czech Koruny.

 

Emirates NBD Asset Management, regulated by the Dubai Financial Services Authority, is the asset management division of Emirates NBD Bank, the largest bank by assets in the MENA region. It manages approximately USD1.3bn (as of March 31 2012) across a range of products including MENA equity and fixed income funds, global risk profiled funds and a complete range of Sharia compliant vehicles.

 

Sanlam Investment Management (Pty) Ltd (“SIM”) is a multi-specialist asset manager offering its clients a broad range of portfolio management services and collective investment schemes for retail and institutional investors. As of 31 December 2011 it had USD43bn of funds under management, making it the second largest asset manager in South Africa.

 

Reliance Asset Management (Malaysia) Sdn Bhd (RAMMy) is a subsidiary of Reliance Capital Asset Management Limited (RCAM) India, one of the two largest asset management companies in India by assets. RAMMy has developed a unique capability of managing equities through a systematic approach to investment management which rigorously implements stock selection based on clearly quantifiable criteria, thereby helping minimise the possibility of subjective judgments negatively influencing the investment decision making process.

 

Reliance Wealth Management Ltd, part of the Reliance Anil Dhirubhai Ambani Group, is a niche provider of investment products to institutions, investment companies and high net-worth individuals in India and overseas. Its primary focus is on creating custom made equity portfolios as segregated mandates and delivering value to clients.