Institutional Solutions | STANLIB Institutional Funds

Overview

STANLIB’s Multi-Asset team adopts a unique multi-dimensional investment framework as well as a proactive approach to risk management to deliver investors stable and real returns over the medium to longer term whilst protecting their capital. Risk management is integral to the investment process, and portfolios are constructed on a marginal contribution to risk basis. Portfolio construction begins with the setting of clear risk parameters that are deliberate and not an afterthought.

Our multi-dimensional framework enables us to identify risks and opportunities across the global investment landscape. This framework includes several dimensions and is not solely valuation-focused. This allows us to draw on a pool of possible opportunities offering different risks, asset classes, geographies and sectors. We evaluate our performance not only on a pure return basis but, more importantly, on a risk-adjusted basis.

We take a broad view of markets and interrogate our views. Our scenario-based tactical asset allocation process then allows us to, take into account a wide range of possible eventualities that could affect markets and the consequent implication for specific assets, their volatility and in some cases correlations. This process forces us to factor in alternate outcomes and contrary views. It gives us a distinct advantage in managing risk and makes our process dynamic and versatile in an ever-changing market environment.

Investment Philosophy

STANLIB Multi-Asset team’s philosophy is anchored on three core beliefs:

Risk is inherent in all assets, even cash. Cash delivers a poor real return in the long term, and is always denominated in a particular currency, so currency risk must be actively managed.
Generating long-term returns is all about managing risk. Managing risk in a portfolio requires more than simply diversifying with traditional asset classes where correlations vary in times of market stress as correlations generally converge. Preserving our clients’ capital during these market events requires a different approach to portfolio construction.
The concentration of risks in equities requires careful management. It is important to include a wide source of returns rather than relying on equities as the predominant growth asset.

Investment Team

Portfolio managers within the Multi-asset team bring relevant but differentiated skills drawn from their diverse backgrounds.

Differences of opinion and perspective are actively encouraged and accommodated. This is the bedrock on which our philosophy and thinking is built. It is a significant element that makes our team different from any other.

Marius Oberholzer

Marius Oberholzer with more than 20 years’ experience, leads the team of highly experienced, passionate investment professionals who collectively hold more than 200 years of investment experience.

Our Funds

LOCAL

STANLIB Multi-Asset Growth Fund

STANLIB Multi-Asset Cautious Fund

STANLIB Absolute Plus Fund

OFFSHORE

Why Us?

We aim to deliver absolute returns through a flexible asset allocation framework to embrace growth and management of downside risk to protect capital. We have a diverse skillset and use a mutli-dimensional framework to identify risks and opportunities. We use a wide-ranging toolkit and apply a risk-based approach to assest allocation.

Overview

STANLIB Fixed Income is one of the largest fixed income asset managers in South Africa with one of the strongest and broadest fixed income capabilities in the country.

We have a compelling investment philosophy and process which has delivered great results for our clients over many years and different market environments. We add value through the implementation of a multi-dimensional approach to active management using interest rate cycles, yield curve shape changes, duration management, credit positioning and relative value analysis.

Investment Philosophy

STANLIB Fixed Income believes that over time fixed income markets are efficient and will revert to fair value levels. In the short term inefficiencies can exist that lead to valuations deviating from these fundamental values, providing tactical opportunities to generate enhanced returns. As an active fixed income manager, we regularly exploit these inefficiencies to add value to our client portfolios.

We believe that by employing our extensive experience, resources, expertise and leveraging off the size of our business, we can exploit market inefficiencies, by actively identifying diverse sources of value-add opportunities.

Our investment philosophy is strongly rooted in economic fundamentals. All our investment decisions are backed by sound research, market experience and our ability to execute quickly when markets move. Unlike many other fixed income managers, we do not simply buy and hold but stay close to the markets to identify and take advantage of opportunities. The core of our investment philosophy and process has remained the same for over 20 years. This has created consistency and team-wide deep knowledge of what we do and why we do it.

Why Us?

We are one of the largest fixed income managers in SA, which gives us a competitive advantage in negotiating preferential interest rates on investment opportunities. We have a highliy experienced team who create tailored solutions. As a significant industry player, we deliver consistent outcomes.

Investment Team

Our seasoned fixed income team is unrivalled in size and experience and are flexible, dynamic managers who analyse the whole fixed income market, giving us a broad view on opportunities and risks. Whether it is the short end of the curve or long end, we can take a view across the fixed income spectrum, which gives us greater flexibility to realise our investment ideas.

Victor Mphaphuli

The investment team is headed by Victor Mphaphuli and our investment professionals hold 200 years of collective investment experience.

Our Funds

LOCAL

STANLIB Money Market Fund

STANLIB Income Fund

STANLIB Flexible Income Fund

STANLIB Bond Fund

STANLIB Extra Income Fund

STANLIB Enhanced Yield Fund

OFFSHORE

STANLIB US Dollar Cash Fund

STANLIB USD Currency Fund of Funds

STANLIB Global Bond Fund

STANLIB Global Bond Feeder Fund

Overview

STANLIB Fixed Income Private is one of the largest and well-resourced credit businesses in South Africa and across the African continent. Forming part of the STANLIB Fixed Income team, the Fixed Income Private team comprises of over 30 specialists with deep relationship networks and manage in excess of R55 billion in assets.

Credit provides investors with diversification across their portfolio, allowing investors to gain access to alternative sources of return in a less volatile asset class. We aim to construct asset portfolios that produce predictable and superior risk adjusted return outcomes through economic cycles.

Investment Philosophy

We believe credit markets are non-transparent and informationally inefficient, often leading to mispriced opportunities.

Extracting value from this complex asset class requires a high degree of technical expertise, a rigorous investment process and a focused approach to downside risk management.

By drawing on our strengths, we aim to deliver attractive, risk-adjusted returns over the long term.

Why Us?

One of the largest and most experienced credit specialist teams in South Africa, managing over R55 billion in assets.
Offer investors access to investment opportunities in credit assets
Specialise in downside risk management, credit reviews and governance processes
Follow a robust investment process and offer superior transaction monitoring and support functions
Leverage internal recoveries capability and expertise
Have a ten-year track record across a diverse portfolio of credit assets

Investment Team

Investing in unlisted credit assets requires in-depth knowledge of the various sectors, geographical locations, markets and instruments that form part of the investment universe of this asset class.

Johan Marnewick

Johan Marnewick is Head of STANLIB’s Fixed Income Private team. He has more than 20 years of experience within credit markets, building diversified credit portfolios in South Africa and across the African continent.Marius Oberholzer with more than 20 years’ experience, leads the team of highly experienced, passionate investment professionals who collectively hold more than 200 years of investment experience.

We have over 30 professionals with diverse backgrounds and experience and over 350 years of collective experience. We offer our investors:

A deep understanding of South African credit markets
An independent and well-resourced credit risk team
An experienced origination function
A dedicated credit portfolio analytics and optimisation team
A dedicated legal function and internal recoveries capability.

Our key portfolio offerings are:

Diversified Credit
Impact and Development Credit
Pan Africa Fixed Income
Pan Africa Private Debt

Overview

STANLIB Systematic Solutions manages systematic beta and alpha strategies, with sizable assets under management. We are strongly resourced to be the centre of excellence in modern systematic portfolio management approaches at STANLIB. We use progressive evidence-based data analysis and innovative portfolio construction techniques.

Why Us?

Award-winning and respected portfolio management team with vast experience.
Rational and pioneering approach that we see as the natural evolution of equity investing.
Utilisation of cutting-edge technology and proprietary tools.
An unemotional and unbiased process focusing on facts and data.
We invest at the intersection of Quality, Value and Growth by selecting stocks based on true, bottom-up fundamentals.

How we invest

Our investment philosophy ensures we fulfil our investment promise to clients by establishing clear and simple objectives using systematic strategies backed by sound academic research and practical experience. Investors have access to our range of capabilities, from simple Index strategies to Multi Style and Enhanced Index Solutions. They can use these solutions to achieve their objectives for core allocation, risk management or tactical allocation in an efficient, transparent and low-cost way.

Different circumstances require different investment strategies. We provide investors with the building blocks and tools to enable flexibility in maximising the chances of achieving their investment goals.

Investment Team

The team comprises of nine highly qualified investment professionals, with over 110 years of combined experience. The team boasts a strong reputation, is optimally sized, and has depth and breadth of experience in index tracking and systematic fund management that sets us apart

Rademeyer Vermaak

Rademeyer joined the Systematic Solutions team in December 2019 as the Head of Portfolio Management, where he is responsible for investment performance. He leads the unit in all aspects, ranging from quantitative research to operational integrity, business strategy and distribution.Marius Oberholzer with more than 20 years’ experience, leads the team of highly experienced, passionate investment professionals who collectively hold more than 200 years of investment experience.

Our Funds

LOCAL

STANLIB Core Multi Style Equity Fund

STANLIB Enhanced Multi Style Equity Fund

STANLIB Equity Fund

Click here to view the team’s full range of Index Tracking products.

Overview

STANLIB Infrastructure offers investors a compelling opportunity to invest across a range of infrastructure development projects through a private equity vehicle. We focus mainly on the power, renewable energy, rail roads, airports, water and telecommunication sectors.
We promote socially responsible and environmentally sustainable business practices and implement the highest standards of corporate governance and responsibility.

Why Us

Track record and trusted team
Experienced team with deep complementary industry, technical and geographic investment experience and a proven track record across the capital structure.

Diversification through scale
STANLIB intends to provide its investors with a platform in which to achieve significant scale that allows for diversification across infrastructure assets and asset classes

Attractive returns
STANLIB Infrastructure has the ability to achieve enhanced risk adjusted returns through unique deal sourcing via key investment professionals’ industry networks and risk reduction through deal diversification.

Investment Philosophy

We believe that investment in the infrastructure asset class in South Africa not only offers investors diversified, risk appropriate, stable, long-term returns but is a powerful means of making a tangible and sustainable difference to South African communities.

Investment Team

A highly-regarded team of six private equity professionals, the STANLIB Infrastructure team has the experience, expertise and deal-making track record required to successfully bring infrastructure opportunities to market.The team is headed by Greg Babaya, Managing Principal and Andy Louw, Principal.

Greg joined STANLIB in 2012 bringing more than 18 years of experience in energy financing, project finance and infrastructure investing in Africa, North America and Latin America. He also has a proven track record in private equity investing as well as in the establishment and capital raising of Infrastructure Funds.

Andy joined STANLIB in 2013 after having spent the past 13 years in mergers and acquisitions, project finance advisory and infrastructure investing in Africa. Andy has extensive deal making experience and a proven track record in infrastructure investing.

Smiling middle-aged bald man wearing a dark suit and blue polka dot tie with a blurred office background.

Greg Babaya

Managing Principal

BCom, Bcompt (Honours), MBAExperience – 22 years

Man wearing a dark suit, light blue shirt, and striped tie, smiling slightly against a blurred background.

Andy Louw

Principal

BCom, DipAcc, CA(SA), CFAExperience – 17 years

Overview

STANLIB’s offshore capabilities span equity, bond and property asset classes ensuring we offer clients sufficient choice to diversify their local portfolios. Our Listed property team has established deep experience in offshore investing whilst for equity (including balanced) and bond portfolio management we have chosen to partner with global experts. Alignment of culture and investment thinking is critical in chosing an offshore partner while the benefit of “having feet on the ground” and experts in their fields enables us to deliver an optimal offshore solution to our clients.

Why Choose STANLIB to manage your offshore funds?

We offer world-class investment expertise in global cash, bond, equity, multi-asset and property funds through our global partnerships.

‍Global expertise
‍Our global partners and local teams are experts in their field with many years of experience in managing funds.

‍Extensive research
‍Research teams, spread across many regions and countries, focus on finding the best global investment opportunities.

‍Client focused offering
‍We meet regularly with our global specialists, building relationships with their teams so they understand our clients’ needs and expectations.

‍Optimal outcomes
‍Our global specialists focus on constructing portfolios that will add value and deliver appropriate returns for each asset class.

Our Funds

GLOBAL EQUITY & BALANCED

STANLIB Global Equity Fund

STANLIB Global Equity Feeder Fund

STANLIB Global Balanced Fund

STANLIB Global Balanced Feeder Fund

STANLIB Global Balanced Cautious Fund

STANLIB European Equity Fund

GLOBAL BONDS

STANLIB Global Bond Fund

STANLIB Global Bond Feeder Fund

GLOBAL PROPERTY

STANLIB Global Property Fund

STANLIB Global Property Feeder Fund

CASH

STANLIB Global Multi-Strategy

Diversified Growth Feeder Fund

STANLIB US Dollar Cash Fund

STANLIB USD Currency Fund of Funds

STANLIB Sterling Cash Fund

STANLIB Euro Cash Fund

Fund Name	Quarterly Commentary	Comprehensive Factsheet	Performance Data	Static factsheet
STANLIB Flexible Income Fund					Fund Info
STANLIB Income Fund					Fund Info
STANLIB Bond Fund					Fund Info
STANLIB Money Market Fund					Fund Info
STANLIB Enhanced Yield Fund					Fund Info
STANLIB Extra Income Fund					Fund Info

Fund Name	Quarterly Commentary	Comprehensive Factsheet	Performance Data	Static Factsheet	Fund Info
STANLIB Global Select Feeder Fund
STANLIB Global Property Feeder Fund					Fund Info
STANLIB Global Bond Feeder Fund
STANLIB USD Currency Fund of Funds
STANLIB Euro Cash Fund
STANLIB European Equity Fund
STANLIB Global Aggressive Fund
STANLIB Global Balanced Cautious Fund					Fund Info
STANLIB Global Balanced Feeder Fund					Fund Info
STANLIB Global Balanced Fund					Fund Info
STANLIB Global Bond Fund
STANLIB Global Emerging Markets Fund
STANLIB Global Equity Feeder Fund					Fund Info
STANLIB Global Equity Fund					Fund Info
STANLIB Global Multi-Strategy Diversified Growth Fund
STANLIB Global Property Fund					Fund Info
STANLIB Global Select Fund
STANLIB Offshore America Fund
STANLIB Sterling Cash Fund
STANLIB US Dollar Cash Fund

Fund Name	Quarterly Commentary	Comprehensive Factsheet	Performance Data	Static factsheet
STANLIB Multi-Asset Cautious Fund					Fund Info
STANLIB Absolute Plus Fund					Fund Info

Fund Name	Quarterly Commentary	Comprehensive Factsheet	Performance Data	Static factsheet
STANLIB Enhanced Multi Style Equity Fund					Fund Info
STANLIB Multi-Asset Growth Fund					Fund Info
STANLIB Equity Fund					Fund Info
STANLIB Property Income Fund					Fund Info