The Absa Multi-management team has set the bar extremely high! This particular bar is R67 billion high. The team landed Jonel Matthee as their leader three years ago. With assets under management and advisory of about R6 billion at the time, her work was cut out for her. Absa Multi-management is wholly owned by Absa and has a level two contributor BEE rating.
Jonel managed to bring together a diversified group of individuals to make up manager research; operations and portfolio support; portfolio construction and strategy; portfolio management; and more recently, the institutional business.
Once step 1 and 2 are complete, with the investment objective in place and the mandate and benchmark finalized, step 3, which is portfolio construction can occur. Portfolios are evaluated against a basket of top-performing peers; passive building blocks and also CPI. The portfolio construction process is rigorous, with construction simulation and stress testing embedded in the process. Step 4 is imperative as this is where performance is measured and tracked. Rebalancing occurs where necessary to allow for optimal performance. This review process is imperative. Due diligence processes are carried out on all managers locally and offshore on a bi-annual basis. The Due diligence process involves both qualitative and quantitative analysis. The final step involves reporting.
Jonel is extremely optimistic about the future and it’ll be exciting to continue watching her and her team as they continue to soar.
Tsitsi Hatendi-Matika is Head: Retail Investment Specialist at Absa’s Wealth and Investment Management unit.