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03 April 2018 Photo Sonia Small
First-rate fund managers in SA produced by UFS Prof Philippe Burger
of Philippe Burger, Acting Dean of the Faculty of Economic and Management Science.

A recent comparative study on the performance of South African fund managers has revealed that the-top performing fund managers over a running average of five years are former undergraduate students of the University of the Free State (UFS).

In an attempt to understand South Africa’s fund managers, Leigh Köhler, head of research at Glacier by Sanlam, and his team, published a comprehensive breakdown which looked at all South African universities and universities of technology. Aspects explored in the report included philosophy, process, people, organisational structure, and cost of funds. In addition, the study also considered characteristics such as age, tenure, level of qualification and undergraduate university to identify fund managers who are superior to their peers.

A closer look at the statistics
The majority of the sampled fund managers studied at the University of Cape Town (46%), University of Stellenbosch (10%), and University of the Witwatersrand (8%), while only 2% studied at the UFS. However, according to the report, “The highest average performance over five years was generated by fund managers who attended the UFS – 13.25%.” This means that for every rand they invested, the portfolios managed by UFS alumni got back approximately R1.13 annually, the highest return when compared to the returns generated by portfolio managers from other universities. These fund managers are employed by a range of institutions, including independent asset management firms, insurance companies, banks and wealth managers.

What our acting dean had to say

Prof Philippe Burger, Acting Dean at the UFS Faculty of Economic and Management Science, said: “When you and I put money into a pension fund or investment, portfolio managers buy bonds and shares with it from companies. Those companies use that money to invest in building factories, businesses, offices, and of course they make a profit on their investments. That profit is used to pay interest and dividends. These interest payments, dividends and increased share values constitute the returns paid to investors.”

The outstanding performance of UFS-groomed fund managers is a comment on the quality of the students UFS delivers. “For decades we have had a BComm degree that includes an option to specialise in what was previously called Money and Banking, and is now called Financial Economics. We are the only faculty that has had a focus on Financial Economics going back all the way to the late 1970s. In that sense we train people and give them an education that allows them to perform like this,” said Prof Burger. 

Moving forward, the faculty is looking at partnerships with financial institutions that can strengthen that capacity and give students increased value for money. 

News Archive

Measures to ensure safer campuses are investigated
2010-04-16

The safety of students, lecturers and staff of the University of the Free State (UFS) is of the utmost importance for the management of this institution and deliberations are continuously taking place on what can be done to improve the levels of safety of the respective campuses in Bloemfontein and Qwaqwa.

A set of recommendations was recently tabled by our rectorate that make provision for various measures for safer campuses. According to Prof. Niel Viljoen, Vice-Rector: Operations at the UFS, attention will urgently be paid to the following recommendations:

  • The instalment of alarm systems, linked to the central security control room, in all buildings on the respective campuses.
  • The instalment of “panic systems” in strategic places in buildings.
  • Where possible, better admission control to buildings, especially office blocks.
  • Better management en integration of contracted-in security workers.
  • Enhancement/upgrading and better monitoring of the security control room and sharpening of reaction times in cases of emergency.
  • Repair and maintenance of the current border fencing.
  • A survey was once again done of all the so-called “dark spots” on campus and the instalment more effective lighting are currently in progress.
  • Safeguarding of footways and parking areas by means of cameras and panic systems that will be monitored 24 hours a day, seven days a week.
  • Better and more visible patrolling of the pedestrian walkways and campuses.

Regular and structured feedback regarding the safety situation at all campuses shall also be done.

According to Prof. Viljoen the following recommendations shall also be investigated further:

- The feasibility of the “closing” of the campus, especially in terms of transport implications, costs and effectiveness.
- The possible closing of the small pedestrian gates in order to channel pedestrian traffic through the existing and manned gates.
- The feasibility of the compulsory wearing of ID cards by all personnel, students and temporary workers.
 

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