A sup­port­ive but non-in­ter­fer­ing

Financial Mail - Investors Monthly - - Company Profile - Johann Barnard.

n a bid to em­u­late the suc­cess Rand Mer­chant In­vest­ments (RMI) achieved in back­ing fi­nan­cial ser­vices en­trepreneurs like Adrian Gore at Dis­cov­ery and Willem Roos of Out­surance, the group has made a bold en­try into the as­set man­age­ment in­dus­try, writes

As any good as­set man­ager would, the in­vest­ment group is di­ver­si­fy­ing its port­fo­lio by look­ing for eq­uity stakes in a range of bou­tique out­fits rather than jump­ing all in with one or two big in­vest­ments.

Headed by Chris Meyer, who suc­cess­fully led RMB Mor­gan Stan­ley for nearly a decade, RMI In­vest­ment Man­agers (RMI IM) is plot­ting an au­da­cious path smoothed over by a size­able ini­tial war chest to ex­e­cute its strat­egy and through RMI’s rep­u­ta­tion in the fi­nan­cial ser­vices in­dus­try of be­ing a good part­ner for en­trepreneurs.

“Suc­cess would be de­fined in two ways. First, we want to de­velop a rep­u­ta­tion in the mar­ket as the go-to share­holder for as­set man­agers if they want a strate­gic in­vestor in their busi­ness. We want to live the RMI ethos in as­set man­age­ment, which is be­ing a sup­port­ive but non-in­ter­fer­ing share­holder.

“Sec­ond, we want to de­liver fi­nan­cial re­turns for our share­hold­ers, which means suc­ceed­ing in build­ing our af­fil­i­ates to­gether with their man­age­ment teams to a level where they gen­er­ate strong re­turns for RMI share­hold­ers and are of a size where the RMI IM busi­ness mat­ters in the con­text of the over­all RMI port­fo­lio.”

The new busi­ness, which was launched in 2015 and made its first ac­qui­si­tions at the be­gin­ning of this year, was born out of the con­vic­tion that in­de­pen­dent as­set man­agers rep­re­sent an un­tapped growth op­por­tu­nity.

RMI IM’s strat­egy is ev­i­dent in the in­vest­ments made in in­de­pen­dent man­agers that pos­sess ca­pa­bil­i­ties and dif­fer­en­ti­a­tion across dif­fer­ent as­set classes, client bases and unique in­vest­ment ex­per­tise. Its port­fo­lio of af­fil­i­ates com­prises Core­shares, North­star As­set Man­age­ment, Per­petua In­vest­ment Man­agers, Tan­talum

Chris Meyer … In­de­pen­dence is vi­tal

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