Active Income Management ™

Our Story

Bridge Fund Managers was founded in 2009 under the Grindrod Asset Management brand when a number of asset management projects within Grindrod Bank were grouped together under a single asset management brand. Initially there were two main business lines; Private Clients (which housed the wealth management activities) and Investment Products (which housed the unit trust and distribution capabilities).

The business has enjoyed significant growth over the years, both from organic and acquisitive sources.

Towards the end of 2016 the Board of Directors of Grindrod Asset Management took the decision to introduce Infinitus Holdings (Pty) Limited, an investment holding company focused on high growth businesses in the consumer, industrial and financial services sectors, as a new shareholder in the company. The Boards of Grindrod Limited, Grindrod Asset Management and Infinitus were fully supportive of this initiative and the necessary regulatory and competition approvals were secured.

The transaction provided an opportunity to rebrand the business and Bridge Fund Manager came into being in late 2016.

Bridges connect places, people and ideas, provide a secure and more direct route to a destination, and are custom-designed for a particular purpose and terrain. But they also require regular maintenance, just like clients’ investment portfolios and plans, to ensure that they produce the desired outcomes. We believe our new name reflects our investment approach and philosophy.

2016

  • Grindrod Asset Management (Pty) Ltd changes its name to Bridge Fund Managers
  • Infinitus Holdings (Pty) Ltd acquire 76% of Bridge Fund Managers
  • Bridge Fund Managers brand developed
  • R14.8 billion AUM
  • Significant growth in small to medium sized pension fund assets under management
  • Phase 2 of the Scenario Simulation Tool delivered to the advisor market

2015

  • Launch of Scenario Simulation Tool- a financial planning aid for IFA’s
  • Staff compliment: 45 (including 17 investment professionals)
  • Key staff acquire 24% of Grindrod Asset Management
  • Reconfiguration of the entire SA and global Payers & Growers® fund range
  • Payers & Growers® funds attain 3 year track records
  • R13.3 billion AUM
  • CIS fund assets grew by 62%

2014

  • R11.6 billion AUM
  • Staff Complement: 41
  • Launch of the Wildlands Blue Fund- a conservation initiative supported by Grindrod Asset Management and Grindrod Bank

2013

  • R10.3 billion AUM
  • Launch of offshore trading platform by Grindrod Securities

2012

  • R8.7 billion AUM
  • Purchase of Plexus Asset Management
  • CIS product range expanded to 8 funds

2011

  • R3.8 billion AUM
  • Grindrod Collective Investments (Pty) Ltd approved as Unit Trust Manco by FSB
  • Launch of Grindrod Securities

2010

  • R2.8 billion AUM
  • Appointed by Nedgroup as fund manager for Nedgroup Investments Property Fund
  • Launch of Grindrod International Property Fund ($) in Dublin

2009

  • Grindrod Asset Management formed
  • Consolidation of all asset management activities of Grindrod Bank under one brand
  • Category I and II Asset Management licences approved
  • Appointment of Chief Investment Officer
  • Launch of Grindrod Global Property Income Fund
  • R2.1 billion AUM

2008

  • Launch of the first CIS fund – Grindrod Diversified Preference Share Fund

2007

  • Purchase of trust company from Old Mutual- name changed to Kingsmead Trust
  • Asset Management licence granted
  • Establishment of Cape Town office
  • Marriott Merchant Bank changes name to Grindrod Bank

2006

  • Grindrod Limited acquires 100% of Marriott Merchant Bank
  • Grindrod Private Clients AUM R1.5 billion

2003

  • Establishment of office in Johannesburg
  • Grindrod Private Clients AUM R380 million
  • Private Client staff compliment: 8

1998

  • Grindrod Limited shareholding in Marriott Merchant bank increased to 50%

1994

  • Private Client business established
  • Bank licence granted: Marriott Merchant Bank