Eight Wealth Managers; most recent fund buys
Tristan Dolphin, Senior Associate at Stonehage Fleming said: “Our most recent equity fund investment was in the Vulcan Value Equity fund in August last year. Vulcan’s differentiated approach to investing with a focus on quality and price appealed to us”.
Stonehage Fleming bolsters Jersey
Commenting on the appointment, partner and head of family office in Jersey, Ana Ventura, said the hiring of Bodenstein ‘reflects the growing importance of Jersey to the group’. She added: ‘The needs of our clients are constantly evolving and Rudi’s experience will contribute significantly to our already existing talented and dedicated team, as well as the strategic vision we have for Stonehage Fleming as the international family office.’
People Moves: Stonehage Fleming
Bodenstein comes to Stonehage from Guernsey-based wealth manager FNB International Trustees, a part of South Africa’s FirstRand National Bank, where he spent eight years developing its fiduciary and advisory business.
Eight Wealth Managers; most recent fund buys
Tristan Dolphin, Senior Associate at Stonehage Fleming said: “Our most recent equity fund investment was in the Vulcan Value Equity fund in August last year. Vulcan’s differentiated approach to investing with a focus on quality and price appealed to us”.
Stonehage Fleming bolsters Jersey
Commenting on the appointment, partner and head of family office in Jersey, Ana Ventura, said the hiring of Bodenstein ‘reflects the growing importance of Jersey to the group’. She added: ‘The needs of our clients are constantly evolving and Rudi’s experience will contribute significantly to our already existing talented and dedicated team, as well as the strategic vision we have for Stonehage Fleming as the international family office.’
People Moves: Stonehage Fleming
Bodenstein comes to Stonehage from Guernsey-based wealth manager FNB International Trustees, a part of South Africa’s FirstRand National Bank, where he spent eight years developing its fiduciary and advisory business.
Stonehage Fleming Continues its Expansion in Jersey
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the appointment of Rudi Bodenstein as Director within the Family Office division in Jersey.
With nearly 30 years industry experience, Rudi joins Stonehage Fleming from FNB International Trustees Ltd where, as Director, he spent eight years developing and implementing business strategy for the expansion of the fiduciary and advisory business. Before relocating to Jersey in 2008, Rudi was a Partner in a South African law firm and Attorney of the High Court of South Africa for eighteen years and specialised in litigation, trust and estate planning, personal and family law as well as international structuring.
Rudi will work closely with Paul Roper, Partner, to develop and drive forward the ‘Emerald Offering’, which is the Group’s in-house Trust and Investment service designed to offer a competitive solution to solve the intergenerational succession planning and wealth preservation requirements of clients and their families who may not require the full Family Office service.
Commenting on the appointment, Ana Ventura, Partner and Head of Family Office, Jersey said: “I am pleased to welcome Rudi to Stonehage Fleming and his appointment reflects the growing importance of Jersey to the Group. The needs of our clients are constantly evolving and Rudi’s experience will contribute significantly to our already existing talented and dedicated team, as well as the strategic vision we have for Stonehage Fleming as The International Family Office.”
Rudi Bodenstein said: “As the largest multi-family office in Europe, Stonehage Fleming offers an award-winning proposition and boasts an impressive international client base. The Group are true pioneers within the family office industry and I look forward to developing the Emerald offering. It is an exciting time for the company and I am excited to be a part of the journey.”
Building wealth across generations – the four pillars of capital
Building up great wealth is one thing; holding onto it through multiple generations is another as borne out by the UK’s latest The Sunday Times Rich List. Analysis of the data by the Centre for Economics and Business Research showed that Britain’s very rich are a changing cast of characters with two thirds having only entered the list since 2000.
“This debunks the popular idea that great wealth is largely inherited, and gives credence an old English saying “from clogs to clogs in three generations”, says Johan van Zyl, CEO of Stonehage Fleming in South Africa.
“It takes great energy and ability to raise a person’s material wealth status; however these two traits are often not continued further down the generational line.
Read full article via Money Marketing
Why now is a good time to take your money offshore
Independent international family office; Stonehage Fleming South Africa says that wealthy South African investors should look to invest 100% of their long-term surplus assets offshore.
Surplus assets need to be defined for each individual or family, taking into account their total wealth and their unique long-term strategy and risks.
The process is then about understanding assets that would not be required in South Africa for at least the next ten to fifteen years. It is important to retain sufficient assets to live comfortably, whilst preserving a buffer for business interests and unexpected contingencies.
Read more via BusinessTech
Art buyers find few investment masterpieces
“Owning and managing an art collection is a complex business, requiring investment of time and advice from a variety of experts,” says Steve Kettle, partner at wealth manager Stonehage Fleming, which advises its clients on their art as well as other assets.
“Many of these experts will have their own agenda and, unlike investment management, the art world is almost entirely unregulated. This means it is one of the most manipulated markets in the world. You only know the actual value of a piece of art once it is sold.”
Read more via Financial Times
Stonehage Fleming Continues its Expansion in Jersey
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the appointment of Rudi Bodenstein as Director within the Family Office division in Jersey.
With nearly 30 years industry experience, Rudi joins Stonehage Fleming from FNB International Trustees Ltd where, as Director, he spent eight years developing and implementing business strategy for the expansion of the fiduciary and advisory business. Before relocating to Jersey in 2008, Rudi was a Partner in a South African law firm and Attorney of the High Court of South Africa for eighteen years and specialised in litigation, trust and estate planning, personal and family law as well as international structuring.
Rudi will work closely with Paul Roper, Partner, to develop and drive forward the ‘Emerald Offering’, which is the Group’s in-house Trust and Investment service designed to offer a competitive solution to solve the intergenerational succession planning and wealth preservation requirements of clients and their families who may not require the full Family Office service.
Commenting on the appointment, Ana Ventura, Partner and Head of Family Office, Jersey said: “I am pleased to welcome Rudi to Stonehage Fleming and his appointment reflects the growing importance of Jersey to the Group. The needs of our clients are constantly evolving and Rudi’s experience will contribute significantly to our already existing talented and dedicated team, as well as the strategic vision we have for Stonehage Fleming as The International Family Office.”
Rudi Bodenstein said: “As the largest multi-family office in Europe, Stonehage Fleming offers an award-winning proposition and boasts an impressive international client base. The Group are true pioneers within the family office industry and I look forward to developing the Emerald offering. It is an exciting time for the company and I am excited to be a part of the journey.”
Building wealth across generations – the four pillars of capital
Building up great wealth is one thing; holding onto it through multiple generations is another as borne out by the UK’s latest The Sunday Times Rich List. Analysis of the data by the Centre for Economics and Business Research showed that Britain’s very rich are a changing cast of characters with two thirds having only entered the list since 2000.
“This debunks the popular idea that great wealth is largely inherited, and gives credence an old English saying “from clogs to clogs in three generations”, says Johan van Zyl, CEO of Stonehage Fleming in South Africa.
“It takes great energy and ability to raise a person’s material wealth status; however these two traits are often not continued further down the generational line.
Read full article via Money Marketing
Why now is a good time to take your money offshore
Independent international family office; Stonehage Fleming South Africa says that wealthy South African investors should look to invest 100% of their long-term surplus assets offshore.
Surplus assets need to be defined for each individual or family, taking into account their total wealth and their unique long-term strategy and risks.
The process is then about understanding assets that would not be required in South Africa for at least the next ten to fifteen years. It is important to retain sufficient assets to live comfortably, whilst preserving a buffer for business interests and unexpected contingencies.
Read more via BusinessTech
Art buyers find few investment masterpieces
“Owning and managing an art collection is a complex business, requiring investment of time and advice from a variety of experts,” says Steve Kettle, partner at wealth manager Stonehage Fleming, which advises its clients on their art as well as other assets.
“Many of these experts will have their own agenda and, unlike investment management, the art world is almost entirely unregulated. This means it is one of the most manipulated markets in the world. You only know the actual value of a piece of art once it is sold.”
Read more via Financial Times
Stonehage Fleming's flagship fund produces outstanding returns
“Despite some nervousness, equities remain the asset class of choice” Gerrit Smit, Head of Equity Management, Stonehage Fleming.
Since launching in August 2013, the Stonehage Fleming Global Best Ideas Equity Fund has returned 47.2%*, compared to MSCI World All Countries Index of 39.0%*. The fund has attracted assets from private, professional and institutional investors and now has assets under management of over US$650 million.
Read full article via FA News
Interview: Gerrit Smit on why the global tech rally is far from over
Listen here to the podcast to hear Smit’s views on tech giants such as Tencent, Naspers, Microsoft, Apple, Amazon and Tesla and why he believes the tech rally of recent years still has plenty of legs. Listen here>>
In this episode of TechCentral, Duncan McLeod chats via Skype to Gerrit Smit, fund manager at London-based wealth management company Stonehage Fleming, which invests billions of dollars on behalf of ultra-high-net-worth individuals.
Thirty percent of Stonehage Fleming’s Global Best Ideas (GBI) Fund is made up of investments in the technology space, including in companies such as Visa, PayPal, Tencent and Accenture.
Smit, who is head of the equities management team, has overall responsibility for the business unit, along with its portfolio management and equity research functions.
He joined Stonehage Fleming in 2008 after 25 years of investment experience as equities analyst, chief investment strategist and chief investment officer for Sanlam’s international portfolios in London, and heading a boutique fund manager’s investment research.
In the podcast, Smit explains why he believes there’s still plenty of upside for some of the world’s biggest tech stocks, despite the strong rally they’ve enjoyed in recent years.
But what are the best metrics for determining whether these shares still make good investments or not? Smit explains why he focuses on top-line growth and on free cash flow, in particular.
Stonehage Fleming's flagship fund tops £500m
Assets under management (AUM) for the Stonehage Fleming Global Best Ideas Equity Fund have passed the £500 million mark.
Since launching in August 2013, the £514 million fund has attracted assets from both private, professional and institutional investors and has returned 78.7 percent over the last four years, compared to the Global Equity peer group average of 52.8 percent.
Fund manager Gerrit Smit runs a concentrated, high conviction portfolio of 24 stocks that are chosen for their sustainable growth potential, strong management team, strategic competitive edge and value according to the firm. The portfolio has very low turnover, over the past 12 months Mr Smit has only sold two positions and initiated one.
Current investments include companies such as Visa, Alphabet, Nestle, Estée Lauder, PepsiCo and Accenture with technology stocks now making up 28.8 percent of the fund.
Mr Smit said: “There has been some general nervousness of equities which are now in the eighth year of a bull market, but this needs to be weighed against global economic fundamentals, which in our view continue to favour investment in quality companies.
“The US consumer and manufacturing sector show strong confidence and economic performance has improved in Europe too. Most importantly, we continue to stick to our philosophy that a good business remains a good business irrespective of potential short-term tactical setbacks in its share price, and it will continue to reward investors over time.”
The fund had previously been available exclusively to clients of Stonehage Fleming, but has been open to outside investors since 2016. It is now available on seven platforms and across three jurisdictions, with more under consideration.
Stonehage Fleming provides a range of services to over 250 wealthy families. The group advises on over £35 billion of assets and employs over 540 people in 11 offices in eight jurisdictions around the world.
Stonehage Fleming fund passes £0.5bn
Stonehage Fleming, the independently owned family office, says its Global Best Ideas Equity fund has seen assets under management pass the £0.5bn mark, as the number of external client investors continues to grow.
Only available since 2016 to investors who are not clients of Stonehage Fleming, the fund is run as a concentrated portfolio of some 24 stocks, and aims for exposure to businesses with sustainable growth potential. Turnover is low, with just two positions sold in the past 12 months and one initiated. Current holdings include Visa, Alphabet, Nestle, Estee Lauder, PepsiCo and Accenture. The investor base includes both private, professional and institutional investors, but more distribution is being considered beyond the current availability via seven platforms in three jurisdictions.
Portfolio manager Gerrit Smit said: “There has been some general nervousness of equities which are now in the eighth year of a bull market, but this needs to be weighed against global economic fundamentals, which in our view continue to favour investment in quality companies. The US consumer and manufacturing sector show strong confidence and economic performance has improved in Europe too. Most importantly, we continue to stick to our philosophy that a good business remains a good business irrespective of potential short-term tactical setbacks in its share price, and it will continue to reward investors over time.”
Stonehage Fleming's flagship fund produces outstanding returns
“Despite some nervousness, equities remain the asset class of choice” Gerrit Smit, Head of Equity Management, Stonehage Fleming.
Since launching in August 2013, the Stonehage Fleming Global Best Ideas Equity Fund has returned 47.2%*, compared to MSCI World All Countries Index of 39.0%*. The fund has attracted assets from private, professional and institutional investors and now has assets under management of over US$650 million.
Read full article via FA News
Interview: Gerrit Smit on why the global tech rally is far from over
Listen here to the podcast to hear Smit’s views on tech giants such as Tencent, Naspers, Microsoft, Apple, Amazon and Tesla and why he believes the tech rally of recent years still has plenty of legs. Listen here>>
In this episode of TechCentral, Duncan McLeod chats via Skype to Gerrit Smit, fund manager at London-based wealth management company Stonehage Fleming, which invests billions of dollars on behalf of ultra-high-net-worth individuals.
Thirty percent of Stonehage Fleming’s Global Best Ideas (GBI) Fund is made up of investments in the technology space, including in companies such as Visa, PayPal, Tencent and Accenture.
Smit, who is head of the equities management team, has overall responsibility for the business unit, along with its portfolio management and equity research functions.
He joined Stonehage Fleming in 2008 after 25 years of investment experience as equities analyst, chief investment strategist and chief investment officer for Sanlam’s international portfolios in London, and heading a boutique fund manager’s investment research.
In the podcast, Smit explains why he believes there’s still plenty of upside for some of the world’s biggest tech stocks, despite the strong rally they’ve enjoyed in recent years.
But what are the best metrics for determining whether these shares still make good investments or not? Smit explains why he focuses on top-line growth and on free cash flow, in particular.
Stonehage Fleming's flagship fund tops £500m
Assets under management (AUM) for the Stonehage Fleming Global Best Ideas Equity Fund have passed the £500 million mark.
Since launching in August 2013, the £514 million fund has attracted assets from both private, professional and institutional investors and has returned 78.7 percent over the last four years, compared to the Global Equity peer group average of 52.8 percent.
Fund manager Gerrit Smit runs a concentrated, high conviction portfolio of 24 stocks that are chosen for their sustainable growth potential, strong management team, strategic competitive edge and value according to the firm. The portfolio has very low turnover, over the past 12 months Mr Smit has only sold two positions and initiated one.
Current investments include companies such as Visa, Alphabet, Nestle, Estée Lauder, PepsiCo and Accenture with technology stocks now making up 28.8 percent of the fund.
Mr Smit said: “There has been some general nervousness of equities which are now in the eighth year of a bull market, but this needs to be weighed against global economic fundamentals, which in our view continue to favour investment in quality companies.
“The US consumer and manufacturing sector show strong confidence and economic performance has improved in Europe too. Most importantly, we continue to stick to our philosophy that a good business remains a good business irrespective of potential short-term tactical setbacks in its share price, and it will continue to reward investors over time.”
The fund had previously been available exclusively to clients of Stonehage Fleming, but has been open to outside investors since 2016. It is now available on seven platforms and across three jurisdictions, with more under consideration.
Stonehage Fleming provides a range of services to over 250 wealthy families. The group advises on over £35 billion of assets and employs over 540 people in 11 offices in eight jurisdictions around the world.
Stonehage Fleming fund passes £0.5bn
Stonehage Fleming, the independently owned family office, says its Global Best Ideas Equity fund has seen assets under management pass the £0.5bn mark, as the number of external client investors continues to grow.
Only available since 2016 to investors who are not clients of Stonehage Fleming, the fund is run as a concentrated portfolio of some 24 stocks, and aims for exposure to businesses with sustainable growth potential. Turnover is low, with just two positions sold in the past 12 months and one initiated. Current holdings include Visa, Alphabet, Nestle, Estee Lauder, PepsiCo and Accenture. The investor base includes both private, professional and institutional investors, but more distribution is being considered beyond the current availability via seven platforms in three jurisdictions.
Portfolio manager Gerrit Smit said: “There has been some general nervousness of equities which are now in the eighth year of a bull market, but this needs to be weighed against global economic fundamentals, which in our view continue to favour investment in quality companies. The US consumer and manufacturing sector show strong confidence and economic performance has improved in Europe too. Most importantly, we continue to stick to our philosophy that a good business remains a good business irrespective of potential short-term tactical setbacks in its share price, and it will continue to reward investors over time.”