Durbanville-based boutique Autus Fund Managers has announced that founder Christo Malan (pictured above) and fellow director Dominic Ilett will be stepping back from direct portfolio management. Citywire + rated Malan will remain as chairman of the group, and Ilett will retain a strategic role.
The single-manager funds affected are the Autus Global Equity fund (domiciled in Ireland), and the Autus Prime Global Equity feeder fund, which feeds into it. Malan will be replaced as co-portfolio manager by Francois Roux, who has managed the Autus Prime Equity fund since the start of 2019.
Citywire A-rated Dawie Conradie, who has co-managed the Autus Global fund with Malan since March 2017, will remain as co-portfolio manager. He has also been appointed as chief investment officer.
In the group’s multi-manager range, Ilett will step down as manager of the Autus Prime Cautious fund and Autus Prime Diversified fund. He will be replaced by Hester Mostert, who has served as an investment analyst for these solutions since May 2018.
‘Autus Fund Managers consists of a close-knit team of experienced investment professionals with shared values,’ said Malan. ‘Our philosophy is that every success is a team success, but that individual accountability is crucial. Our culture is characterised by free-flowing ideas and no strict hierarchy.
‘The recent changes to fund management allow for a gradual transfer of responsibilities onto the next generation of managers,’ he added. ‘The broader investment team remains unchanged, and Dominic and I will continue to be involved on the strategic level.’