Nedgroup Investments Multi-Manager is a dedicated asset management division within Nedgroup Investments that consists of a diverse team of investment professionals based in Cape Town and London. We specialise in asset allocation and fund manager research and base our investment decisions on fundamentally-driven research.
Collectively the team manages in excess of R32bn in assets on behalf of clients across both the retail and institutional markets and have an enviable track record going back as far as 2004.
The aim of our portfolio construction process is to build and maintain a well-diversified mix of exposures, which emphasises those risks that we expect to deliver positive rewards, and minimises those that we believe might detract value.
The aim of our portfolio construction process with our global funds is to build and maintain a well-diversified mix of exposures. We differentiate between developed markets and emerging markets, between large cap and small cap equities, global listed property as well as between investment grade or high yield government and corporate bonds. These are combined in such a manner as to enhance our chances of meeting the fund’s return objective within the targeted risk parameters.
We follow a long-term, valuation driven investment approach. Simplistically, we aim to position our portfolios to asset classes that offer reasonable value over a three to five year investment time horizon and avoid or minimize our exposure to asset classes that appear overpriced or expensive.
Our investment philosophy is anchored to the following principles:
The longer the period of the investment, the higher the probability that markets reflect expectations.
There is no correct or incorrect approach to active management. Different approaches suite different skill sets. It is crucial to align a manager’s skill to the mandate.
The Nedgroup Investments Multi-Management team has more than 100 years of combined investment experience and manages R32 billion in assets. The team is located both in Cape Town, South Africa and London, United Kingdom and covers a large universe of unitised funds across all the major asset classes from a global perspective.
Trevor takes overall responsibility for Nedgroup Investments’ Multi-Manager division. This business covers the on-going research and management of a range of South African and global multi-managed funds. In addition, the division offers independent investment consulting and specific fund research for approved fund lists. Prior to his current role, Trevor set up and ran the multi-manager division of BoE Private Clients for seven years. He was previously a director of Edge Asset Management after the merger of Edge and TMA Investment Products Services. He has also worked as a consultant at Barra International and lectured Economics and Finance at the University of Cape Town. Investment Experience and Qualifications: 22 years industry experience. B.Com. (Honours) in Economics, M.Com in Finance, MBA, Chartered Alternative Investment Analyst (CAIA).
Tumisho joined Nedgroup Investments in November 2019 as an investment analyst in the multi-management team based in cape Town. Her key responsibilities include maintaining asset allocation reporting across the various fund ranges, economic and market research as well as managing relationships with institutional clients. Prior to joining Nedgroup Investments, Tumisho was an economic strategist at Novare Actuaries and Consultants in 2016 where her specific area of focus was tactical asset allocation and economic and market research. In 2012 Tumisho was employed at CNBC Africa where she was a business and market anchor. The time spent there allowed her to broaden her knowledge of global and African markets while leveraging off relationships with key policy makers. Tumisho started her career at Investec Asset Management in 2009 and holds a B.com degree in Economics from the University of Pretoria. Investment experience and qualifications: 11 years, B.com (Economics)
Rob Burdett is Head of Multi-Management Solutions at Nedgroup Investments UK, having joined in October 2024. Prior to joining Nedgroup Investments, Rob founded a multi-manager business for Thames River Capital in 2007 and spent 17 years managing the funds and team through several changes of ownership, culminating in the Columbia Threadneedle Multi-Manager LLP entity. Assets peaked at GBP3.3bn. Before this, Rob established and ran similar multi-manager businesses for Credit Suisse and Rothschild Asset Management. Rob holds the CISI Diploma.
Madhushree Agarwal is a Portfolio Manager within the London‑based multi‑manager team at Nedgroup Investments, having joined in December 2015. As Co‑Chair of the International Investment Committee meetings, she plays an important role in fund selection, manager due diligence and ongoing monitoring across a broad universe of investment strategies. Madhushree is also a member of the International Strategy Committee, where she helps shape investment strategy and assess alignment with portfolio objectives, contributing to portfolio construction across the firm’s multi‑asset and fund‑of‑funds strategies. Madhushree holds the Chartered Financial Analyst (CFA) designation, an MSc in Investment and Wealth Management from Imperial College Business School, and a First Class BSc (Hons) degree in Banking and International Finance from Bayes Business School (formerly Cass Business School).
Tel: +44 (0) 207 002 3499
Louis Hutchings joined Nedgroup Investments in July 2019 and is a Portfolio Manager within the London team. As Co-Chair of the International Strategy Committee, he plays an important role in macroeconomic research and contributes to both Tactical and Strategic Asset Allocation across the Multi-Asset portfolio ranges. Louis is also actively involved in fund selection and monitoring, contributing to manager research and due diligence across a broad universe of investment strategies. He is a voting member of the Global Investment Committee, where he helps assess fund suitability and alignment with portfolio objectives. Louis holds the Chartered Financial Analyst designation, an MSc in Finance from the London School of Economics and Political Science, and a First Class BSc in Economics from the University of Birmingham. His previous experience includes internships at Investec, Capgemini and Wesleyan.
Tel: +44 (0) 207 002 3491
Sava joined Nedgroup Investments in 2008 and is currently a Senior Portfolio Analyst in London, focusing on fund research, selection and monitoring, as well as portfolio construction and trading within the firm’s multi manager team. He is a voting member of both the Investment Committee and the International Strategy Committee. Prior to joining Nedgroup Investments, he was an analyst at EC Capital, a London based corporate finance boutique, where he was involved in equity research and the structuring of private investments in public equities. He began his career in finance in 2004 at the London Stock Exchange. He has 22 years of industry experience and holds an MBA and an MA in International Relations.
Tel: +44 (0) 207 002 3494
Griffin joined Nedgroup Investments in June 2021 and is the Investment Quantitative Analyst within the London team. He is responsible for the development and maintenance of the team’s quantitative frameworks supporting Strategic Asset Allocation, Risk, Fund Selection, and investment research. Griffin oversees automation across the team, designing and implementing tools that support the investment process, including fund selection frameworks and quantitative analysis underpinning SAA. He develops quantitative tools used in investment decision-making, providing analytical support to research and portfolio positioning. Griffin holds a PhD in Mathematical Sciences from Queen Mary University of London, where he published on dynamical systems and statistical physics. He holds an MSc in Investment and Finance from the University of Strathclyde, and a BA in Mathematics and a BA in Musical Performance from the University of San Diego.
Jade Howard is an Investment Analyst within the London team, having joined Nedgroup Investments in October 2025. She supports the team across quantitative analysis, tactical asset allocation research, manager and fund research, and manager due diligence, with a particular focus on the quantitative and macroeconomic aspects of the investment process. Jade is actively involved in manager meetings and monthly reporting, and has contributed to the enhancement of internal and client-facing communications. She also assists in evaluating new investment opportunities and contributing to portfolio discussions. Jade holds an MSc in Investment and Wealth Management with Distinction from Imperial College London, where she achieved the top overall performance in the cohort. She also holds a BCom Honours in Financial Risk Management and a BCom in Mathematical Sciences from Stellenbosch University. Jade has passed CFA Level I and is currently a CFA Level II candidate.
Aran Lakhanpaul is an Investment Analyst within the Multi-Manager team at Nedgroup Investments in London, having joined the team in October 2025, following graduation. He supports the investment process through fund research, manager due diligence, and market analysis, contributing to portfolio discussions and evaluating new opportunities. He is actively involved in manager meetings to assess new fund opportunities and plays a key role in monitoring existing holdings. Aran contributes heavily to monthly reporting and has been instrumental in strengthening both internal and client-facing communications, including the development of investment materials. Aran holds a First-Class BSc (Hons) in Economics from University College London and an MSc in Investment and Wealth Management with Distinction at Imperial College London. He is currently a CFA Level 1 candidate.
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