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Little research is ever written on the JSE-listed asset management sector, which has four large players at its heart: Coronation, Quilter, Ninety One and Sygnia.

Of the four, none gets less coverage than Sygnia. The counter is the Marmite of asset management — you either like the company, its championing of the low-cost model and its dynamic, outspoken founder … or it’s simply not to your palate...

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