Sanlam UK has announced the start of a strategic partnership with VAM Global Management to give VAM's international HNW investors access to Sanlam's investment approach.
The strategic partnership will see the three of Luxembourg-regulated VAM Global Management's funds - VAM Cautious, VAM Balanced, and VAM Growth -managed by Sanlam UK's discretionary funds team.
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, the company said.
Brendan K. Adams, managing director of VAM Global Management Company, said: "Financial intermediaries based internationally are increasingly noticing they need to form partnerships with established fund managers to further help them deliver investment excellence. This partnership with Sanlam UK is an ideal fit for our international investors, their investment goals, and their regulatory demands."
Penny Lovell, CEO of Sanlam UK's Private Office, added that 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," she added.