Sanlam UK has signed a strategic partnership with VAM Global Management which will see the three VAM funds managed by the firm's direct discretionary funds team.
Through the deal, the VAM Cautious, VAM Balanced, and VAM Growth funds will move under the management of Sanlam UK.
The funds, which have combined assets of $175m, were launched in 2011 as a response to rising demand for direct discretionary fund management services from VAM's international clients. Each of the three VAM discretionary funds is designed to suit a specific investor preference and risk profile.
The funds provide investors with a diversified multi-asset portfolio for those seeking growth, income or capital preservation.
The company also announced that VAM's discretionary funds will also pivot from a fund of funds model to a directly invested approach, leveraging Sanlam's strong internal research capability, bringing investors greater cost efficiency and providing full transparency on the portfolios.
Penny Lovell, CEO of Sanlam UK's Private Office: "Investors and regulators alike are increasingly focused on cost and transparency. We've seen a growing international DFM demand from HNW clients and the partnership with VAM coupled with our strong investment pedigree and expertise will help to ensure that demand is fulfilled. VAM is a leading fund management company with strong investment credentials and an established presence in the international community. Like us, VAM place great emphasis on putting clients first and we look forward to developing a successful partnership over the coming years."