Europe expansion on Investec's mind

Pensions & Investments, October, 1998 by Ryan, Eamonn

Eamonn Ryan JOHANNESBURG, South Africa - Investec Guinness Flight is setting its sights on Europe. In a two-pronged expansion strategy, the Johannesburg-based money manager will target U.K. pension funds and continental European retail money. Investec Guinness Flight (whose full name hasn't been decided yet) is the product of the Investec Group's acquisition of London-based Guinness Flight Hambros Asset Management Co., which was announced in May and concluded this month.

The combined firm has $22 billion in assets under management, and 75 investment professionals. But Investec's shopping spree is unlikely to stop there. The deal will rank Investec Guinness Flight among the top 150 largest non-U.S. international money managers. Hendrik du Toit, the firm's newly...

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