Bateleur Capital, is a boutique investment house that was founded in 2004, and started out as a manager of two successful hedge fund strategies. In 2010, following the success of their hedge fund strategies, the firm launched a long only flexible fund, followed by the launch of an equity fund in 2012. Bateleur is a shining example of a boutique investment house. The team have solid track records, they guard their independence fiercely and are acutely focussed on the investment management aspect of their business. The Bateleur Flexible Prescient Fund, managed by founder and portfolio manager Kevin Williams holds a material exposure to JSE listed companies with offshore property portfolios that have a predominant exposure to Europe. The following extract from their 2015 Q3 report provides a fascinating insight into their views on this investment theme.
Posted on: 19th Jul 2015
In February 2013 when he tabled the 2013/14 Budget, the Minister of Finance stated that the government will initiate a tax review “to assess our tax policy framework and its role in supporting the objectives of inclusive growth, employment, development and fiscal sustainability”. The Committee established to do the review is known as The Davis Tax Committee (DTC) and has been in existence for two years.
Posted on: 19th Jan 2015
Professor Brian Kantor has had a long academic career at the University of Cape Town where he served as a Lecturer and Professor of Economics and as Dean of the Faculty of Commerce. Brian is currently the Chief Strategist and Economist at Investec Wealth and Investment (IW&I) in South Africa. WellsFaber partner with IW&I’s team of direct equity portfolio managers as one of the providers of managed equity portfolios both locally and offshore for our clients. The following article, recently penned by Prof Kantor, provides an interesting view on the connection between the Rand, Interest Rates and the resulting challenges faced by the MPC .