Allan Gray founder dies at 81
In 1973, Allan Gray founded the firm, which has become one of SA’s biggest active asset managers
11 November 2019 - 13:13
SA dollar billionaire and philanthropist Allan Gray has died at the age of 81, his Cape Town-based investment management business said on Monday.
In 1973, Gray founded the firm, which has become one of SA's biggest active asset managers. At the time, it was just a one-man company with Gray basing investment decisions on the difference between his assessment of the intrinsic value of a company and its share price. This approach later became the standard practice of the asset management industry. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.