- The management of the Funds will, with effect from 13th March 2025, be managed solely by Vunani Fund Managers.
- The names of the Funds are to change to the Vunani IP Enhanced Income Fund and the Vunani IP Enhanced Income Retention Fund, respectively.
The MiPlan IP Enhanced Income Fund has, since inception, been managed by Vunani Fund Managers, with Rowan William-Short of VFM being the appointed portfolio manager, having been delegated such responsibility by MiPlan. This delegation was extended to the MiPlan IP Enhanced Income Retention Fund that holds the instruments exposed to Bridge Taxi Finance, which resulted in unintended consequence as to respecting confidentialities and reporting to investors.
Accordingly, MiPlan and Vunani Fund Managers have agreed that it will be in the best interest of investors that there be a single investment manager reporting and focusing on the management of the assets, as well as the recovery of the assets in the Retention Fund.
The transfer, technically referred to as novation, has been approved by the FSCA, resulting in Vunani Fund Managers being substituted in the place of MiPlan, with Vunani Fund Managers now communicating directly with investors.
For all client service related enquiries and instructions, please continue to contact IP Management Company on 021 673 1340 or clientservices@ipmc.co.za or login to the online portal, https://ipmc.co.za/secure-services/ to view your account.
Please find the details below for Vunani Fund Managers and please contact MiPlan for any assistance with this update.