RECM will continue to operate during the COVID-19 lockdown.
To learn more about COVID-19 in South Africa, please visit sacoronavirus.co.za.
RECM MERGES WITH COUNTERPOINT
RECM is pleased to announce that it is in the process of merging its operations with Counterpoint Asset Management. Importantly, the two firms have complementary skills and investment philosophies, and share a similar culture.
We believe that the even greater depth and reach resulting from our integrated teams, when added to the current compelling performance history in many of the fund offerings, will be of great benefit to all clients. Combining assets and skills not only enhances our ability to deliver on our investment mandates, but importantly, scale also allows for an incremental reduction in costs to our clients, over time. We thus anticipate and will be seeking out more discussions with other, like-minded investment firms.
The transaction sees RECM (Pty) Ltd and Merchant West Holdings (Pty) Ltd acquire a joint controlling shareholding in the consolidated business.