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AML hosts more investors

AML hosts more investors

African Minerals (SL) Limited has held a successful meeting with potential investors from different reputable backgrounds abroad. The team was accompanied to Sierra Leone by AML’s top executives who took them to the company’s flagship iron ore project in Tonkolili.

The delegation was later received by President Ernest Bai Koroma who expressed confidence in the operations of AML and assured them of his government and people’s support to genuine investors from all over the world.

The companies include BlackRock, Capital Research which is part of the Capital Group Companies, M&G, Mirabuad, GLG Partners, UBS Investment Bank, Credit Issues, Brevan Howard, and Alliance Bernstein.

Among the visiting representatives were BlackRock’s Managing Director, Hugo Tudor and Senior Vice President, Mark Denning. The firm is one of the world’s pre-eminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional investors around the world. It has offices in 24 countries with over 8,500 employees. As of December 2009 BlackRock’s assets under management to

Capital Research is part of the Capital Group Companies, a 78 year old investment management group with 7500 associates in 22 offices worldwide. It has $1 trillion assets under management and manages assets for institutions around the world – corporations, governments, retirement plans and non-profit organisations such as endorsements and foundations. Capital also manages, distributes and supports mutual funds and other investments for millions of individuals.

M&G (represented by Tom Dohell, the Director of Equities) with over £174bn under management as of December 2009, M&G serves a range of institutional and retail clients in the UK and overseas – including Prudential. The group has worked over time to diversify its fund range across asset classes, to avoid being over dependent on any one fund, or on any one fund manager.

With more than 75 years’ experience of actively managing investments, M&G are one of the longest established and largest investment houses in the UK. M&G has an impressive array of firsts, including launching:

  • the UK’s first unit trust in 1931;
  • the UK’s first regular savings plan in 1954;
  • the first recovery fund in 1969; and
  • the first ‘pure’ corporate bond fund in 1994.

Alliance Bernstein (represented by Dave Robinson, the Director) is a leading global investment management firm that provides research, diversified investment management and related services to a range of clients. It also provides distribution, shareholder servicing and administrative services to its sponsored mutual funds. Alliance’s clients include various high profile institutional clients. Alliance most recently raised the targeted $1.1billion under a government program aimed at buying toxic assets from US banks. Alliance has US$ 501 billion assets under management

Brevan Howard (represented by Carl Linderium). Brevan Howard Asset Management LLP is a privately owned investment management Company and one of the largest hedge funds in Europe. The fund, co-founded by Alan Howard and Jean-Philippe Blochet in 2002, has more than $26 billion under management. Blochette left the firm in November 2009.

Brevan Howard invests in the public equity, debt, foreign exchange, commodities, and derivative markets of emerging economies.  The group’s master fund returned 20.4 percent and 18% in 2009, according to the Financial Times.

Credit Suisse (represented by James McGeoch). Credit Suisse is a world leading financial services company advising clients in all aspects of finance with a global reach in 55 countries. The company was founded in 1856 by Alfred Escher and operates in 3 global divisions – Private Banking, Investment Banking and Asset Management. Credit Suisse is considered to be within the prestigious “bulge bracket” – the group of investment banks considered to be the largest and most profitable in the world.

The firm earned accolades throughout the recent financial crisis for prudent risk management and strategic allocation of capital. In 2009 Credit Suisse was recognised as “Bank of the Year” by the International Financing Review.

UBS Investment Bank (represented by MATTHEW WHITTAL, Steel/M&M Specialist Sales). UBS Investment Bank, as it exists today, is a merger of the Union Bank of Switzerland and the Swiss Bank Corporation and has offices in more than 50 countries, including all major financial centres.

As well as the investment bank, UBS operates in the areas of Wealth Management, Global Asset Management and Retail Banking. Overall invested assets are over 3.2 trillion Swiss Francs.

In May 2010 UBS Investment Bank was voted the Leading Pan European Brokerage firm for Equity Linked Research for a record tenth successive year.

GLG Partners (represented by Carl Esprey). GLG Partners Inc. is a publicly owned hedge fund sponsor. The firm provides its services to in high net worth individuals and institutions. It manages separate client-focused equity and fixed income portfolios. The firm also manages investment funds for its clients. The firm invests in the public equity and fixed income across the globe.

It also invests in alternative markets through options, futures, and convertibles. GLG Partners was founded in September 1995 and is based in New York, New York. On April 3, 2009, the Company completed the acquisition of 100% of SocieteGenerale Asset Management Group Ltd.’s share capital to acquire SocieteGenerale Asset Management UK (SGAM UK), SocieteGenerale’s United Kingdom asset management business.

Mirabuad (represented by Pav Sanghera, the Head of Equity Sales).

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