Old Mutual Investment Group

This boutique is for clients who are capable and are willing to diversify their portfolios by taking on higher risk on a portion of their portfolio in exchange for superior risk adjusted returns, alpha, through non-traditional investment assets.

The universe of alternative investments at a minimum consists of hedge funds, private equity, structured products (collaterised debt obligations, derivatives), collectibles (wine, art, vintage cars) and real assets (real estate, infrastructure, commodities, natural resources, energy investments).

This boutique builds listed equity portfolios that have a higher risk level, compared to the Zimbabwe Stock Exchange (ZSE) All Share Index. However, the absolute risk level of products from this boutique is lower than that of products from the Alternative Investments Boutique. The products from this boutique have a high tracking error off the ZSE All Share Index, in order to achieve the required relatively higher returns.

The Select Equity boutique typically satisfies the needs of our clients who want a relatively higher risk equity portfolio, with some liquidity and a relatively short-term investment horizon.

The Core Equity boutique builds “enhanced equity index portfolios” using listed shares on the Zimbabwe Stock Exchange. The portfolios from this boutique target 2-3 year outperformance of the ZSE All Share Index with a moderate tracking error while maintaining a moderate risk profile. Clients in this boutique normally have a significant exposure to the large capitalization shares on the Zimbabwe Stock Exchange.

Most of our clients in the Core Equity Investments Boutique are pension funds with appetite for a balanced portfolio that requires an equity portfolio with a moderate risk level.

The main assets held by portfolios in the Interest Bearing Investments Boutique are traditional fixed income instruments of all durations. These include Treasury Bills, Certificates of Deposit, Bankers’ Acceptances, Commercial Paper, Corporate Bonds, Government Bonds and Quasi-Government Bonds. In addition to traditional instruments, the boutique has products covering a range of other income or interest paying financial instruments such as variable coupon bonds, bonds with special features.

Our Property Investments Boutique invests in land, buildings and developments covering all sectors of the property market. The boutique has a three-pronged capability set which is property fund management, property services and property development. Property fund managers design property funds where they decide properties to hold, buy or sell.

Property services involves the day to day operational management of the physical assets in the property fund such as leasing and maintenance. Property Development is involved from the concept stage of a property to the completed project.