Sanlam UK has inked an agreement to take over the management of three VAM Global Management discretionary funds.

The VAM Cautious, Balanced and Growth funds will now be managed by the Sanlam UK direct discretionary funds team.

Besides, the funds will now shift from a fund of funds approach to a directly invested approach.

The vehicles were previously managed by Close Brothers.

Together, they oversaw $175m in assets.

VAM managing director Brendan Adams said: “Investors in our discretionary funds will benefit from Sanlam’s significant expertise, industry-leading performance and reduced overall fees.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This partnership with Sanlam UK is an ideal fit for our international investors, their investment goals, and their regulatory demands.”

The funds were introduced in 2011. Their launch was triggered by increasing demand for direct discretionary fund management services from VAM customers.

The strategies target investors seeking growth, income or capital preservation, with each fund aligned with a specific risk profile.

Sanlam UK CEO of private office Penny Lovell said: “Investors and regulators alike are increasingly focused on cost and transparency.

“We have seen a growing international DFM demand from HNW clients and the partnership with VAM coupled with our strong investment pedigree and expertise will help to ensure that demand is fulfilled.”