Coronation Fund Managers
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| Public Company | |
| Traded as | JSE: CML |
| Founded | Cape Town, 1993 |
| Headquarters | Cape Town |
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Area served
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South Africa, Ireland, United Kingdom and Namibia |
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Key people
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| Products | Institutional segregated and pooled products across asset classes and geographies, Retail unit trust products, Retirement products, Hedge funds |
| Revenue | R4 774 million (2014) |
| Website | www |
Coronation Fund Managers is a South-African third-party fund management company, headquartered in Cape Town. The company has locations in all South African major centers and offices in, Ireland, United Kingdom and in Namibia where it is represented by Namibia Asset Management a strategic partner. As of September 2014 the company had Assets under management of R588 billion.
Coronation Fund Managers commenced operations in Cape Town in 1993, with 15 staff and no assets under management.
In 1996 Coronation's unit trust business, Coronation Management Company, was launched. It also launched South Africa’s first international fund of hedge funds: Coronation Global Equity Fund.
In 1997, Coronation launched the country’s first retail international fund of hedge funds, the Coronation International Active Fund of Funds, and was instrumental in the formation of Namibia Asset Management and Namibia Unit Trust Managers.
In 1998 Coronation Fund Managers established in Dublin, Ireland and in 1999 opened an office in London. This was also the year in which Coronation pioneered the launch of absolute return products to the South African market.
In June 2003, Coronation Fund Managers was listed separately on the (JSE) after it was unbundled from Coronation Holdings with a total staff complement of 133. It became the firstasset manager in South Africa to gain Global Investment Performance Standards (GIPSTM) compliance.
Since its formation, Coronation has developed a number of black-controlled enterprises in the asset management industry. This includes Namibia Asset Management and Namibia Unit Trust Managers in Namibia and African Harvest in 1997, Kagiso Asset Management in 2002, and in 2005 launched Coronation Fund Managers Botswana.
In 2007, Coronation became a signatory to the United Nations Principles of Responsible Investments and began formulating their global emerging markets (GEM) product offering. Coronation’s Africa unit was launched in 2008.
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