HomeBusinessOld Mutual still on top

Old Mutual still on top

Roadwin Chirara

OLD Mutual Asset Management (Omam) has retained pole position as the biggest asset manager in the country with over $2 trillion under management, according to a survey released by Comarton Co

nsultancy as of September 30.


The latest results show a marked increase of over 100% for Omam whose asset book was at $993 billion as of June 30.


Imara Asset Management (Imara) is now in second position with $1,6 trillion, taking over from CBZ Holdings’ asset management firm, Datvest, which has $1,4 trillion under management.


Imara’s asset book has grown 140% to $1,6 trillion, up from $556 billion recorded as of June 30 this year. Datvest, which has had to settle for third position in the sector with $1,4 trillion, records an increase of 162% in its asset book from its previous levels of $645 billion.


African Banking Corporation’s ABC Asset Management retains its fourth position with $776 billion under management, representing a marked increase of 147,62% from its previous asset book of $328 billion. Tetrad Asset Management remains at the bottom of the survey with $142 billion under management despite its book recording an increase of 143,91%.


The survey also shows Omam with the largest number of pension funds under management with 64 while Imara has 58, Datvest 46 ABC (27) and Tetrad (21).


Over a period of 24 months from September 30, 2003 to September 30 2005 Datvest recorded the highest increase in performance growth of 1 657,51% followed by ABC at 1 456,25%, Imara at 1 345,25%, and Omam at 837,27% increase while Tetrad managed to increase by 646,06%.

Recent Posts

Stories you will enjoy

Recommended reading