Amicus June 2017

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As a responsible business, Old Mutual Investment Group looks for responsible investment opportunities that deliver significant benefits to our society and environment, while at the same time delivering strong returns. Bringing critical services to townships Futuregrowth Asset Management, a boutique of Old Mutual Investment Group (OMIG), manages the Futuregrowth Community Property Fund, a shining example of a fund making a social impact. It delivers very real social and development benefits to communities in rural areas and townships by acquiring and expanding new and existing local shopping centres. Each shopping centre is a catalyst for the development of municipal infrastructure in the area, along with an enhanced transport infrastructure, while the surrounding community benefits from increased employment opportunities and access to a wide range of shopping facilities and commercial services. The fund currently owns 18 properties across South Africa. Good news for investors is that the fund has performed brilliantly for the second year running, delivering 24.3% for the 12-month period ending December 2016, compared to SA’s listed property sector’s return of 10.20% for the same period. Amicus June 2017.indd 20 2017/05/30 12:14 PM
21 RESPONSIBLE INVESTMENT The parking lots at many of the fund’s shopping centres are underutilised as consumers use mainly taxis, buses and trains. Seeing an opportunity to use this space to bring a critical service to the community, the fund partnered with Unjani Clinic at Diepsloot Mall in October 2015. The clinic is set up in a converted shipping container in the mall parking lot site, free of charge, and has exceeded expectations, receiving over 578 visits in the second month, which most clinics take 12-18 months to achieve. Unjani Clinic is funded by Imperial Health Sciences and is a network of primary health care clinics owned and operated by black female qualified nurses, and providing accessible, affordable healthcare to local communities. The clinics are based on a franchise model that opens entrepreneurial opportunities for local women. The community benefits from easier access to a low-cost, affordable clinic, government has a little less pressure on their resources at overburdened state clinics and small business gets a boost. The shopping centre benefits from more feet to the centre and supports a much-needed service in the community. A decade of delivery In a move that shook up the asset management industry in South Africa 10 years ago, Old Mutual Asset Managers (OMAM) rebranded as a multi-boutique asset manager to form Old Mutual Investment Group (OMIGSA) - a multi-boutique investment manager. Boutique managers were given the autonomy to take critical business and investment decisions that drive performance, and no longer subscribed to a single house view. A decade later the ‘The move to boutiques required enormous effort, but has positioned us very well for the future. This is because we are aligned with our clients, focused and have resolved the problem of excess size.’ PETER BROOKE Boutique Head: MacroSolutions boutique model is still going strong, with most founding members still running the boutiques: Peter Brooke (MacroSolutions), Peter Linley (Old Mutual Equities), Paul Boynton (OMAI) and Paul Rackstraw and Andrew Canter (Futuregrowth). The boutique structure also ensures that the focus and interests of the investment professionals are completely aligned with those of their clients. Their remuneration is largely determined by the performance of the boutiques, so investment managers only do well when their clients do well. OMIG is in good shape, with great teams, processes, philosophy and investment track records, and poised to grow. There are opportunities to increase assets under management in the bond, equity and multi-asset class area, passive investing is growing and further investments planned into the Alternatives capability to create growth into Africa. There are plans to expand OMIG’s distribution reach globally to gather dollar-based asset pools. Old Mutual Titan, the new Active Fundamental Global Equity team, was also recently welcomed to the business to help build the global strategy. They arrive having already built up a strong track record in managing global equity and global emerging market equity. Amicus June 2017.indd 21 2017/05/30 12:14 PM
Page 1 and 2: CELEBRATING 172 YEARS THE POWER OF
Page 3 and 4: 03 ON THE COVER EDITOR’S NOTE T 0
Page 5 and 6: OMEM’S SECURITY IMPROVEMENT PROGR
Page 7 and 8: 07 BIRTHDAY CELEBRATIONS Amicus Jun
Page 9 and 10: THE GREAT ICE-OFF Teams of Mutualit
Page 11 and 12: In the build-up to the main event,
Page 13 and 14: Three of our senior executives, Joe
Page 15 and 16: ‘This partnership gives us early
Page 17 and 18: 17 1. DO POINT OUT THAT YOU’RE NO
Page 19: 19 Old Mutual is committed to econo
Page 23 and 24: Launch of Old Mutual Botswana Life
Page 25 and 26: Flying high in the Free State Tshep
Page 27 and 28: POSTCARD THE POSTCARDS FROM PARADIS
Page 29 and 30: 29 Imtithaal Dawood, top MAP studen
Page 31 and 32: A SAMSUNG GEAR FIT2! To keep you ac
Page 33 and 34: 33 OVER TO YOU What’s your depart
Page 35 and 36: 35 MFC STAKEHOLDER BREAKFAST Mass F
Page 37 and 38: PROMOTING HEALTH AND SAFETY OMEM He
Page 39 and 40: Read your Amicus when and where it

Amicus June 2017

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