The road toward becoming a fund manager began when I decided not to return to SA to complete my post-graduate diploma in accounting following the attainment of my Bachelor of Business Science degree with Honours in Finance in 2006. I found myself in Costa Rica and it was time to hustle whether I liked it or not. I started with Morgan Stanley (NYC) as a junior analyst covering the US machinery sector which entailed building and updating detailed financial models. Coverage included, amongst others: Caterpillar, Joy Global, Ingersoll Rand, Illinois Tool Works, AGCO, Deere global, Bucyrus, Manitowoc. The learning curve was steep.
The next challenge for me had to be in front of the screens trading and understanding market behavioural patterns. I managed to achieve this working with the highly capable stockbrokers: Graeme Rossiter and Mark Huxter back home in Cape Town with, then known as, Barnard Jacobs Mellet (BJM). For 2 years, I discovered the ins and outs of the very different drivers that drive share prices outside of fundamentals.
Research came calling once more when Andrew McNulty (ex-head of research of the highly-ranked BJM research team) brought me in to help build the Absa Capital Securities business (now Barclays) and I headed up the Industrials team. I became a ranked analyst at the 2012 annual FM Analyst Rankings.
My chance to manage cash finally came when I decided to move on from Barclays in early 2013 in search of such an opportunity. I chose CoroCapital knowing that the ability to have direct hands on management of money using my own ideas would come with greater speed as well as a wider mandate of possible financial instruments to trade.
In 2015, I began to practically build a model for investment and building wealth that I believe will contribute to the building of a new wave of asset managers in South Africa. It focuses on allocating resources to the most efficient users while benefiting from the downfall of those that destroy shareholder value where timing is key. Out of this thinking, Asymmetry was born. Investment themes are built for the next 2, 5 and 10 year patterns and investments are built and based around these key themes together with the necessary hedges. A team of skilled, intelligent and free-thinkers is being built and brought up to speed with modern day trading patterns and value creation while applying the fundamentals.
It is time the South African Asset Management industry, and global for that matter, caught a wake-up and the laurels of old no longer afford the rest they have in the past. Welcome to a new wave of asset management.
Total Return: 25.8%,
Win ratio: 74%,
Weighted average annualised return per trade: 62%,
Weighted average return per trade: 21%
Total Return: 34.2%,
Win ratio: 83%,
Weighted average annualised return per trade: 44%,
Weighted average return per trade: 14%