Sisedi Investment Group, previously known as Euboea Investment Group, is proving to be one of the best women-owned and managed investment managers in the country after its investment portfolio grew to approximately N$902 million as at mid-January 2022.
Sisedi, which means “from us”, was recently engaged by the Government Institutions Pension Fund (GIPF) as one of six investment managers on its incubation programme.
Yvonne Mwilima, Sisedi’s Portfolio Manager, briefed the GIPF delegation on the operational and investment related challenges the company has experienced since commencing operations in September 2019 targeting South African listed equities.
She also highlighted the resilient investment process which the investment manager follows to ensure that the assets invested are guarded and grown.
GIPF CEO & Principal Officer David Nuyoma stressed the need for all asset managers to be vigilant and to ensure that all controls are enforced vigorously to protect and grow the assets.
The incubation programme, which commenced in 2019, is aimed at addressing the need for active beneficial participation of Namibian professionals in the asset management industry, expand on their capacity within Namibia and bring in expertise with the necessary skills to mainstream asset management.
The tenure of the programme is five years upon which the GIPF evaluates the overall performance of the asset managers, however to minimize risks associated with performance during the 5-year period, the GIPF tracks the monthly performance reports of these asset managers and also conducts an internal operational due diligence mid-way through the programme.
The GIPF has allocated N$4.2 billion towards the incubation programme aimed at creating measurable participation by the appointed asset managers with the overall objective of growing our local asset management industry.
