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Please take note that the site you are about to access is intended for international institutional investors only and is not permitted for retail investors nor any South African institutional investors. The information contained on the site is for information purposes only and does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe for or purchase any particular investment. This website is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under applicable law.

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We invest in companies that are undervalued and clearly demonstrate an ability to create shareholder value over time. Our fundamental, valuation-based investment approach is enhanced by other select themes that serve to reduce the cyclicality of value returns.

  • Why Invest With Us

    Why Invest With Us

    Our clients are at the heart of everything we do.
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  • Our People

    Our People

    Our performance track record is a consequence of the stability and experience of our investment team.
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  • Our Philosophy

    Our Philosophy

    Value outperforms over time, but themes driving markets are cyclical.
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  • Our Process

    Our Process

    We follow a highly disciplined investment process to build diversified, risk-adjusted portfolios.
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  • Our Funds

    Our Funds

    We offer South African general equity and sector-specific funds, as well as actively managed Frontier African equity funds.
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  • Responsible Investment

    Responsible Investment

    Being responsible investors ultimately leads to improved risk-adjusted returns for our clients.
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  • Related Insights

    Related Insights

    Our portfolio managers share their research and opinions.
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