Sanlam UK has announced the start of a strategic partnership with VAM Global Management which will see the VAM Cautious, VAM Balanced, and VAM Growth funds move under the management of Sanlam UK.
The strategic partnership will see the three funds managed by Sanlam UK’s direct discretionary funds team. Following volatile market dynamics and a spike in investor appetite, VAM’s funds will also pivot from a fund of funds model to a directly invested approach, leveraging Sanlam’s strong internal research capability.
The funds, which have combined assets of $175m, were launched in 2011.
Penny Lovell, CEO of Sanlam UK’s Private Office, commented:
“Investors and regulators alike are increasingly focused on cost and transparency. We’ve seen a growing international DFM demand from HNW clients and the partnership with VAM will help to ensure that demand is fulfilled. VAM is a leading fund management company with strong investment credentials and an established presence in the international community. VAM place great emphasis on putting clients first and we look forward to developing a successful partnership over the coming years.”
Brendan K. Adams, Managing Director, VAM Global Management Company, said:
“Financial intermediaries based internationally are increasingly noticing they need to form partnerships with established fund managers to further help them deliver investment excellence. Investors in our discretionary funds will benefit from Sanlam’s significant expertise, industry-leading performance and reduced overall fees. This partnership with Sanlam UK is an ideal fit for our international investors, their investment goals, and their regulatory demands.”
