- Founded in 1973 by its namesake Dr. Allan Gray.
- Allan Gray partner with Orbis, founded by Dr. Gray.
- Orbis act as Allan Gray’s foreign fund managers.
- Allan Gray and Orbis have the same investment philosophy and values.
- Investment philosophy is value-orientated:
◦ Research companies to determine what they are worth.
◦ Buy shares they believe are undervalued by the market.
◦ Sell them when they think they have reached their worth.
- Independent minded.
- Has a retail investment platform:
◦ Provides access to a focused range of unit trusts from Allan Gray and other investment managers
◦ Simplified administration
- Founded in 1993 by a small group of investment professionals.
- Publicly listed on the Johannesburg Stock Exchange in 2003.
- First SA asset manager to gain GIPS compliance.
- GIPS = Global Investment Performance Standards
- The culture remains one of ownership and accountability.
- Evident by the fact that staff owns 25% of the holding company.
- A single “valuation driven”philosophy”.
- The investment team consists of 3 former Coronation CIOs.
- All analysts rotate among industries so as to become generalists.
- Extensive experience and capabilities across all asset classes.
- Their motto: “Trust is earned”.
- Dave Foord co-founded Foord Asset Management in 1981 with Liston Meintjes.
- Liston left in 1997. Dave remains central.
- The bulk of the ownership is in the hands of the investment team.
- Their investment philosophy:
◦ Get the big calls right. Take advantage of economic cycles.
◦ Buy at the right price.
◦ Take a long-term view and be patient.
◦ Ignore the benchmark when building portfolios.
◦ Diversify and manage risk.
- Significant understanding of asset management. It’s their entire focus.
- Foord has a dedicated offshore team in Singapore.
- Founded in 1994.
- A subsidiary of UK based M&G Investments, the investment business of Prudential plc, a London listed global financial services entity.
- Thus has the support of a significant global group.
- But with a strong measure of independence. Prudential staff are material shareholders in the business.
- Their investment philosophy:
Buy when an asset’s valuation is below its long-term fair value. Sell once it reaches fair value.
◦ Decisions based on known facts. Don’t try to forecast the future.
◦ Focus on the long term. Ignore short-term “noise”.
◦ Team-based approach. Buy and sell decisions made collectively.
- Wally Gray founded Rezco in 1981 with a deliberate focus:
◦ “Managing risk, creating wealth” – Rezco’s deeply rooted philosophy.
- Started as a private client wealth manager.
- Refocused in 1984 to offer unit trust services.
- Their investment philosophy combines:
◦ best aspects of value investing
◦ superior sustainable earnings growth
◦ primary trend analysis and
◦ measured market timing.
- Rezco’s edge is their ability to implement a high conviction portfolio.
- Aims to have a minimum of 3% of a portfolio in any one share.
- Provides Risk Tolerance profiling to pinpoint your natural tolerance for risk.
- Helps you understand your financial self and financial risk better.
- Uses a psychometric questionnaire.
- Psychometrics blends psychology and statistics. It is the scientific discipline for testing personal characteristics such as risk tolerance.
- The FinaMetrica risk tolerance profile exceeds international standards for validity and reliability.
- Launched in 1998.
- Developed and tested in Australia over four years with the assistance of the University of New South Wales’s Applied Psychology Unit.
- Maintained with expertise from the London School of Economics.
- Best “Risk Profiling Solution” – Family Wealth Report Awards 2014
- Best “Risk Profiling Solution” – WealthBriefingAsia Awards 2014
- Over 1 0 00 000 FinaMetrica risk tolerance profiles by 1 000s of financial advisers in over 20 countries.
- MyFLPTools™ is a one-stop resource for my client conversation and planning tools.
- Designed by Mitch Anthony who is the founder and president of Advisor Insights and the Financial Life Planning Institute.
- This institute is the leading provider of financial life planning tools and programs for the financial services industry.
- Mitch lives in Rochester, Minnesota, USA.
- MyFLPTools™ allows me to do profound discovery work with my clients.
- It captures each client’s unique story: past, present and future.
- It’s an interactive website. Designed to help understand you and your needs better.
- And to help you move your stories along.
- Overall it helps to deepen my relationship with clients.
- Mitch designed the Return on Life™ philosophy to help you live the best life with the money you have.
- He is the author of 14 books including my favourites:
◦ StorySelling for Financial Advisors
◦ Your Clients For Life
◦ Making the Client Connection
◦ The New Retirementality
- A fund research and ratings provider based in the UK and SA.
- Independent, owner managed financial services group.
- Each team member has many years fund management businesses experience.
- Use a unique Fundhouse approach.
- Focus on the prospects of a fund manager continuing to perform well.
- Aim to understand the factors which drive investment success.
- Considers 4 factors when rating a fund:
1. Parent company that offers the fund
2. Quality of the investment team
3. Investment process
4. Past investment decisions or major investment calls.
- Best “Ratings and research service” 2016 – Investment Week
- Best “Independent research” 2016 – Investment Week
- Best “Ratings and research service for advisers” – 2017 Professional Adviser Rewards.
- Cover more than 100 fund management companies and 200 investment processes globally.
- Is a boutique investment business with a focused product range.
- Walter Aylett founded the business in 2005 after he left Coronation.
- The business focuses on the retail market through long-only funds.
- Across both equities and multi-asset funds.
- Aylett & Co. is 100% staff owned.
- Investment philosophy:
◦ Their edge is their mindset around risk management and downside protection.
◦ Identify good quality businesses first and, secondly, look for mispricing.
◦ Manage risk by not overpaying for an investment.
◦ Thus, include a margin of safety when making investments.
◦ Bottom-up in thinking, looking at assets rather than the economy.
◦ Risk is the Permanent Loss of Capital. Focus is to avoid it.
- Nedgroup Investments has been operating in its current form since 2003.
- It is one of the leading retail management companies in SA.
- And has a credible local and offshore offering.
- It was formed out of the consolidation of a number of asset- and wealth managers.
- The active management side of the business follows a “best of breed” approach.
- They issue exclusive single manager mandates to their various funds in the range.
- For the Core range of funds Nedgroup has responsibility for the investment strategy.
- The strategy is implemented by Taquanta – a specialist quantitative passive fund manager.
- The offshore component is outsourced to Blackrock.
- The core range resides outside of the “Best of Breed” range.
- It is intended as a compliment.
- And also Nedgroup’s way in which to appease clients seeking low-cost alternatives.
- Prescient was founded by Herman Steyn and Guy Toms in 1998.
- Herman focussed on managing the business up to his retirement in 2018.
- Guy’s focus has been on investments. A highly experienced income investor.
- He is the key portfolio manager of the Prescient Income Provider Fund.
- Prescient has its roots in South African fixed income.
- Later branched out into (quantitative) equities, asset allocation and global investing.
- It established a team in China and more recently the United Kingdom.
- The broader group also provides fund services, private wealth management, stockbroking.
- It is also management company (manco).
- Prescient was listed in 2012.
- Delisted in 2017 when Stellar took a significant ownership stake.
- Stellar has since sold their stake to Thabo Dloti (Sithega Holdings) who now sits on the board.
- Is an independent boutique investment business, founded in 1987.
- Was acquired by Old Mutual Investment Group (OMIG) in 2005.
- OMIG is the majority shareholder. Marriott’s senior staff holds the remainder of the shares.
- But Marriott remains independent:
◦ They operate in a separate location, Hillcrest in Durban.
◦ Retaining all of their administration in house.
◦ They run the business themselves and focus on their products.
◦ With the support of the broader group should they need it, a big positive.
- Investment philosophy:
◦ The business is unique in the South African market.
◦ Their focus is on generating sustainable and high levels of income for investors.
◦ Select assets that produce reliable income streams, ideally growing.
◦ Purchase these assets (and their income streams) at reasonable prices.
◦ Buy when the income yield is above the long term average.
◦ These enables Marriott to give an investor a more predictable investment outcome.
- Sasfin Wealth is part of the Sasfin Group which listed on the JSE in 1987.
- Sasfin today comprises Sasfin Bank, Sasfin Wealth and Sasfin Capital.
- In 2002 the Group acquired Frankel Pollak Securities which forms the base of Sasfin Wealth.
- Sasfin Wealth includes Sasfin Asset Managers – a leading boutique asset manager.
- It offers a range of equity, income and multi-asset class funds.
- Independent and highly protective of the preservation and growth of their clients’ capital.
- The investment team includes some of South Africa’s most highly-regarded fund managers.
- They have close partnerships with leading global research houses.
- The team has developed a sound investment philosophy.
- It combines fundamental research with focused analysis of global macroeconomic trends.
- Sasfin Asset Managers won several Raging Bull and Morningstar awards for its performance.
- A Raging Bull award is made on the basis of risk-adjusted performance.
- It takes into account the consistency of performance over periods up to five years.
- Morningstar is a worldwide investment research company headquartered in Chicago, Illinois, USA.