The rollercoaster disaster train that South African politics seemed to have been on during the last decade appears to have lost a bit of momentum. As host and political analyst, Max du Preez, and chief economists Annabel Bishop from Investec and Kevin Lings from STANLIB, discussed during our webinar, The Elephant in the Room, facts and events of the last couple of months do point in the direction of two major positive shifts.Continue reading
In the Room
With Ninety One
IN the room
with NinEty One
In April 2020, Stephen Backhouse sat down virtually with Ninety One’s Head of SA Quality and Portfolio Manager, Duane Cable to hear his views on why advisers need to think carefully about the risk of capital loss in short-term investing.
During the one-hour webinar, the two looked closely at Ninety One’s portfolio positioning over the short, medium and long term and their views on what’s happening in the world.
About Ninety one
Investing for a world of change
We are an independent, active global asset manager dedicated to delivering compelling outcomes for our clients.
Since we started in ’91 in an emerging market, we learned the importance of recognising and embracing change and uncertainty. It’s taught us that active investing can be a force for good. It’s also given us a different perspective on the issues that matter – from how we invest sustainably, to the major thematic and structural challenges facing investors. Today we offer distinctive investment strategies spanning equities, fixed income, multi-asset, alternatives and sustainability to help institutional investors, those advising others and individuals navigate an ever-changing world. Our corporate structure ensures employees are stakeholders in the firm and with our founding leadership still in place, we offer stability and a long-term outlook for our clients.
We focus on where we can make a real difference for our clients. We work with clients based all over the world who have entrusted us to manage £120.8 billion in assets on their behalf.
*as at 30.09.19
Head of SA Quality and Portfolio Manager
Joined the firm in 2018
Joined the industry in 2006
Duane is a portfolio manager in Investec Asset Management’s Quality team and heads the South African Quality business. He is a co-portfolio manager of the Investec Cautious Managed Fund. As the head of South African Quality research, he leads the research agenda for the South African-focused Quality analysts, and is also responsible for analysing South African stocks. As part of the broader global Quality team, he researches global stocks.
Prior to joining the firm, he was Head of SA Equities at Coronation Fund Managers. He also managed absolute return strategies, including co-portfolio management of the Coronation Balanced Defensive Fund. Before that, he was a manager in the Transaction Advisory Services division of Ernst & Young in New York, involved primarily in financial due diligence advisory services re mergers and acquisitions.
Duane has a Bachelor of Commerce Honours (Accounting) from the University of Natal. He is a Chartered Accountant and member of the South African Institute of Chartered Accountants and is a CFA charterholder.
Head of Strategic Accounts
Stephen is a business development specialist with over 11 years’ experience in the asset management and platform industry. Stephen’s focus is all aspects involved in forging long-lasting relationships with strategic partners, more specifically the Discretionary Fund Managers and large Key Accounts, who are influential partners in our industry and are important stakeholders for the future proposition of INN8.
He was previously the head of Marketing and Business Development at STANLIB, where he was responsible for the Standard Bank relationship. Stephen obtained his Bachelor of Commerce from Rhodes University, and his Honours in Financial Analysis and Portfolio Management from the University of Cape Town.
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It was a Thursday afternoon when a group of Durban-based wealth managers joined INN8 for a discussion on land expropriation without compensation. Here’s what we learnt.Continue reading