Politics and Portfolio Positioning

Politics and Portfolio Positioning

In December, delegates will come together for the 54th ANC National Conference during which new officials will be elected to lead the party for the next five years. This is a contentious issue, because the president of the ANC will almost certainly become the next president of the nation in 2019, or earlier. Although there are several comrades battling it out for the seat at the head of the table, this is really a race between Cyril Ramaphosa and Nkosazana Dlamini-Zuma.

London Revisited

London Revisited

Given how much value we got from our trip last year to London, we were really excited to head off again in late May to get our annual offshore fix. Our 2016 trip was incredibly insightful for our fledgling business, as it very quickly contextualized South Africa’s relative size in the investment universe (you will recall Blackrock and Legg Mason’s AUM at that stage were $ 5.2trillion and the JSE market cap was at     $ 186 bn). In addition, the different styles of asset management were quite revealing in that, as South Africans we are programmed to accept larger “bets”, whilst offshore they are very comfortable with small incremental returns across a very broad set of holdings. I guess the investment universe is so much bigger.

Looking Ahead - January 2017

Looking Ahead - January 2017

Our return to office was quite different to previous years.  After a very special family holiday for the Finlayson clan, there was no reluctance to head back to work and face a challenging corporate machine, as we have both done for the past 15 years. This was replaced by the excitement of getting back in the saddle and focusing on our own business. Our desire to create an exceptional Multi Family Office wealth management business, is still front and centre in our minds. Our first year ended in a place that we are very comfortable with and gives us good impetus to keep working to reach the goals of our clients and of Maven Wealth