Sanlam Investments Multi-Manager (SIMM) has appointed Lethu Zulu as the head of hedge funds. Zulu will manage local and global hedge funds, overseeing a significant asset class valued at R7 billion.
This marks Zulu’s return to SIMM, where he previously served from February 2016 to November 2021. He will report to Paul Wilson, the chief investment officer. Before rejoining SIMM, Zulu worked at Alexforbes, where he managed global and specialist portfolios, focusing on hedge funds, equities, and fixed income.
With a strong academic background, Zulu holds honours degrees in computational and applied mathematics and investment and corporate finance from the University of the Witwatersrand. He also completed a management development program at the University of Cape Town.
During his earlier tenure at SIMM, Zulu was involved in screening and researching asset manager funds and contributed to the investment committee that selected funds for client portfolios. His extensive experience in portfolio management and manager research positions him well to navigate the complexities of hedge fund management.
Darryl Moodley, CEO of SIMM, expressed confidence in Zulu’s capabilities, welcoming him back to the team.