Discovery Group has launched Cogence, South Africa’s first global discretionary fund manager, integrating BlackRock’s asset management expertise and Aladdin Wealth™ technology. The initiative addresses the complexities of investment markets while enabling local investors to access global opportunities following regulatory changes allowing increased offshore investments. This new platform aims to support financial advisers in delivering optimal investment outcomes for their clients.
Discovery Group has officially launched Cogence, South Africa’s pioneering global discretionary fund manager (DFM), aimed at advancing wealth creation through innovative investment strategies. By integrating BlackRock’s asset allocation expertise and utilizing the Aladdin Wealth™ technology for comprehensive portfolio analytics and risk analysis, Cogence is set to offer tailored investment solutions suited to the evolving financial landscape. This initiative addresses the growing need for local investors to engage in international markets, particularly following regulatory updates that permit substantial offshore investments from domestic retirement funds and mutual funds. Adrian Gore, the Chief Executive of Discovery Group, emphasized the disruption in both investment complexity and the necessity for retirement planning, particularly for the majority of South Africans who struggle to prepare financially for retirement. Through Cogence, Discovery leverages its financial acumen and Vitality data-driven insights alongside BlackRock’s noted investment proficiency, enabling financial advisers to better support their clients with sophisticated investment tools and improved portfolio performance. Moreover, the collaboration with RisCura enhances local insights, allowing for targeted fund selection amidst a challenging economic environment.
The launch of Cogence marks a significant advancement in South Africa’s asset management industry, addressing the increasing desire of local investors for global investment opportunities. The initiative takes advantage of recent regulatory changes that allow up to 45% of pension and mutual funds to be invested in offshore assets. As the asset management landscape becomes more sophisticated, Cogence, through advanced technology and strategic partnerships, aims to facilitate better investment outcomes for both financial advisers and clients.
Cogence represents a strategic initiative by Discovery Group to navigate the complexities of global investment markets while enhancing the financial advisory process in South Africa. By combining cutting-edge technology with robust asset management expertise, Cogence provides financial advisers the tools necessary to meet their clients’ diverse needs. The focus on personalized investment strategies, aligned with global practices, positions Cogence to play a pivotal role in redefining wealth management in the region, ultimately striving for improved retirement preparedness among South African citizens.
Original Source: www.mynewsdesk.com
