Momentum's van Heerden: The pandemic was 'exactly the right time' to buy Seneca

Dynamic approach pays off for company

Ferdi van Heerden, CEO of Momentum Global Investment Management, talks to Lauren Mason about how the company's dynamic, investment approach and priorities have changed since acquiring Seneca Fund Managers.

"We started the conversation two weeks before lockdown, and we completed the full diligence, the full contract negotiations and the finalisation of the transaction three months into the throes of lockdown," Momentum CEO Ferdi van Heerden told Investment Week when asked about the firm's recent acquisition of Seneca. "I think you can only do that if there is a really good connection between people across both firms. "Now, I can have a Zoom call with some people from Momentum and others from Seneca at the same time and not see the difference between either groups. That for me is an excep...