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Money manager marriage: Viljoen joins Houlie – ahead of post-2001 repeat?
RECM founder Piet Viljoen is merging his firm with Counterpoint, led by his former Allan Gray and Investec colleague Sam Houlie.
In what he describes as a reflection of a changed asset management industry, RECM founder Piet Viljoen is merging his firm with Counterpoint, led by his former Allan Gray and Investec colleague Sam Houlie. Forthright as ever, in this wide ranging interview Viljoen shares the two big mistakes he made since starting RECM and explains why he intends in future sticking to managing money rather than running a business. – Alec Hogg
Twenty years after top performing find manager Piet Viljoen left Investec Asset Management to launch RECM, he's called quits on his career as a businessman. Today Viljoen told me he is merging the company with Sam Houlie's Counterpoint Asset Management, under whose name the new firm will trade.
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