Dudu Tembo

Argon AM is an active, fundamental research-driven manager which employs a bottom-up value approach. The firm aims to achieve superior long-term performance by acquiring equity securities of financially strong, well-managed companies at market prices significantly below their intrinsic value over the medium- to long-term.

Citadel Investment Services aims to optimize long-term returns and preserve and grow client’s wealth while reducing risk. The firm manages portfolio that consists of a range of asset classes – both local and global – include listed equities in developed and emerging markets, cash, government bonds and property, as well as high-yield and emerging market bonds (including corporate bonds) and alternative strategies (such as hedge funds and physical assets). Citadel Investment Services employs both active and passive management, and they base their investment decisions on identifying such under- and over-valuation of asset classes. The firm buys when assets are undervalued and sell when they are becoming overvalued.

Orthogonal Investments is an active, value-based manager which deliberately and purposely has a narrow product offering comprising South African equity, specialist equity, global and South African balanced and South African bonds. The firm seeks to identify undervalued equities, selecting stocks through a value-oriented, bottom-up and risk-focused process which evaluates proprietary historic data. They analyze company-specific risk, constructing portfolios with share weightings determined by company and then sector valuation conviction levels. Orthogonal Investments aims to maximize orthogonality through an iterative and exhaustive portfolio risk-adjustment process (absolute and relative to benchmark) where cross-sectional valuations, sectoral equity risk premia, credit risk, inadvertent exposures, macroeconomic variables and other experience-led risk inputs are utilized to adjust share and sector weights. Their fixed-income portfolios are based on the mathematical properties of bonds and the firm has developed proprietary software to comprehensively analyse corporate bonds. Orthogonal Investments utilizes sophisticated proprietary models, seeking to calibrate the forward looking risk premia priced into markets and then to increase exposure when they are rewarding and to decrease exposure when they are low.