A new listing should be a time for celebration, but Ninety One’s maiden voyage as a stand-alone entity came just as the world was piling into the Covid-19 lockdown, and breaking out the champagne might have been a bit inappropriate.

Instead of reflecting on its 29 years of success as Investec Asset Management and looking forward to a future free of the mother ship, Ninety One was faced with markets collapsing around its ears and the need to pivot to remote working at speed...

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