The Real Return Group Limited was set up in 2003 as a boutique focused on real return investing. Veritas Asset Management (UK) Limited and The Real Return Group Limited merged in 2004.
In 2014 Veritas Asset Management LLP (VAM LLP) entered into partnership with Affiliated Managers Group, Inc. (AMG), a global asset management company with equity investments in leading boutique investment management firms. VAM LLP continues to have the same Managing Partners and Board; full investment autonomy; day-to-day operational independence and receive the majority of the revenue and economics of the firm. The Managing Partners of VAM LLP also continue to hold a substantial portion of the equity of the business.
VAM LLP is led by six Managing Partners: Charles Richardson (Fund Manager and Chairman), Ian Barnes (Chief Executive Officer, CEO), Antony Burgess (Investment Specialist), Richard Grant (Chief Operating Officer, COO), Andy Headley (Fund Manager and Head of Global), and Ezra Sun (Fund Manager and Head of Asia).
We offer both Global and Asian equity strategies which have distinct investment teams dedicated to the products offered within those strategies. The commercial team supports the investment teams and enables them to focus on investment.
Since our foundation in 2003 the VAM LLP philosophy has been built upon two founding principles of Real Returns and Partnership.
We manage money on behalf of clients following our Veritas Real Return Approach, implemented by an investment team with substantial experience and a proven long-term track record. The approach demands that all potential investments are analysed from an absolute basis rather than relative to any equity index. The focus is on protecting and growing our clients’ capital in real terms with exceeding an equity benchmark a fall-out of that process.
Our business is run with a partnership structure and culture. We align our interests as owners in partnership with our clients. Our partners and employees are invested alongside our clients on the same terms. We are an investment-led organisation that controls the growth of our business. It’s important to us that clients fully understand our approach and share a similar objective or mind-set.