The fund is now 22 years old. At times it has been run on little more than the smell of an oil rag by one of Investec’s brightest stars, Gail Daniel, but for at least the past 15 years it has been by the 4Factor team (trademarked). This has nothing to do with sunscreen but is described as unique. Most people who have been exposed to global equity products would have seen managers refer to "disciplined idea generation", "qualitative evaluation" "rigorous decision-making" and "active risk/reward management". Since investment, this fund has given exactly the same return as the benchmark of 7.3%, though it is materially ahead of the 6.5% from the peer group. Worldwide, it is run by James Hand — when his duties as chief investment officer allow — and John Holmes. Both are based in the Investec offices in London.
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