Coronation Fund Managers Limited is a South African-based investment-led, owner-managed business. The company is an active investment manager that focuses on fund management. Its segments include Africa and International. The company focuses on Institutional and Retail client markets. It manages institutional assets in South Africa and its product offering covers all asset classes across a number of geographies in both segregated and pooled mandates.
For the 12 months ended 30 September 2017 they delivered credible results that are in line with management expectations. Coronation is a cyclical business with their revenue highly geared to the returns of the market. Their total AUM increased by 2.5% for the 2017 financial year while average AUM declined by 3.5% which led to their revenue decreasing by 3.1% to R3.9bn. Download the full report here.