GEPF wins African PensionFundInitiativeofthe YearAward
Africainvestorannouncedthewinnersofthe2013Africainvestor(Ai)IndexSeriesAwards,whichwereheldatanexclusive,invitation-onlyceremonyattheNewYorkStockExchange.
Brooklyn, Pretoria (Thursday, 26 September 2013) —The Government Employees Pension Fund (GEPF) walked off with the inauguralAfricainvestorAfricanPensionFundInitiativeoftheYearaward. The annual Africa Investor Index Series Awards 2013 took place at the New York Stock Exchange on 21 September 2013.
The Awards are designed to recognise Africa's best performing stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies and fund managers. The guest list included Dr Nkosazana Dlamini Zuma, the Chairperson of the African Union Commission.
This year, Africa investor (Ai) introduced two new categories aimed at recognising the outstanding efforts by pensionfunds investing in Africa: the Africa investor African Pension Fund Initiative of the Year (won by GEPF) and the International Pension Fund Initiative of the Year (awarded to the United Nations Joint Staff Pension Fund).
GEPF Principal Executive Officer John Oliphant saidthe Fund was proud to receive the recognition for its strategy on the African continent, pointing out that with over one billion people and a rapidly growing middle class, Africawas ripe for investment andpresented exciting investment opportunities for investors looking for good returns. "GEPF has backed its investment conviction with action and has allocated 5 per cent of its over R1.2-trillion worth of assets under management to be invested in the rest of the continent," he said.
The AfricainvestorIndexSeriesAwardsceremonycoincidedwiththe6thannualAfricainvestorCEOInstitutionalInvestmentSummitheldinassociationwithNYSEEuronext.TheSummitbroughttogetherover250internationalinvestors,AfricanCEOs,pensionfundsandcapitalmarketprofessionalstoexploreinvestmentpartnershipsinAfricanassetsandequities.
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About the GEPF
The Government Employees Pension Fund (GEPF) is South Africa’s largest pension fund with more than 1.2-million active members and 375000 pensioners and beneficiaries. It has more than R1.2-trillion in assets under management and is the single largest investor in Johannesburg Stock Exchange (JSE)-listed companies.