9 April 2020 - Investec Asset Management has become Ninety One Limited. Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market.
In 2020, almost three decades of organic growth later, the firm de-merged from Investec Group on 16 March 2020 and became Ninety One.
Commenting on the change, the company said: “We started in South Africa, in ’91, as Investec Asset Management, with a belief that we could do things differently.
“Back then, change was coming and along with its challenges came the chance to invest in a better future.
“Today, we continue to bring a different perspective on investing. Whether it’s the rise of the East or the rise of the machines, we aim to make the best of it. Best for our clients, best for our company, and best for the world in which we live.”
Following the demerger and name change, the name of Investec’s funds will also be changing.
From 23 April 2020, all funds will see ‘Investec’ replaced by ‘Ninety One’. For example, Investec Global Special Situations, which is on the Chelsea Selection, will become Ninety One Global Special Situations.
The investment process of all funds remains unchanged.