Boutique investment management firm The Killen Group has been appointed to manage the Nedgroup Investments Global Cautious Fund, which will be offered direct to South African and European clients via a UCITS vehicle registered in Dublin.
The Killen Group assumed investment management responsibility for the fund on 2 March, 2015. The Nedgroup Investments Global Cautious Fund will be modelled on The Killen Group’s conservative allocation strategy, which is managed by Portfolio Managers George Cipolloni and Mark Saylor.
The Killen Group is the advisor to the Berwyn Family of Funds. The Killen Group is a valuation-based manager, buying undervalued and often out-of-favour stocks and bonds which, in their opinion, have sound fundamentals. They define value more in absolute than relative terms (ie relative to any particular benchmark), applying their valuation discipline to stock and bond selection, seeing shorter-term market dislocation more in terms of opportunity than threat.
“The Killen Group is delighted to have been selected to manage the Nedgroup Investments Global Cautious Fund,” says Robert E Killen, Chairman and CEO of The Killen Group. This event represents an important milestone for our company as we expand our horizons beyond the United States. We are impressed with the high quality of the Nedgroup Investments team and anticipate a long and productive relationship.”
“We believe The Killen Group has many of the qualities and characteristics that we look for when selecting a manager for our Best of breed™ range,” says Simon Watts, Senior Investment Analyst at Nedgroup Investments. “The key attributes The Killen Group offered were stability, alignment of interests, consistency and strong long-term performance.”