ON THE SPOT
Mazi has a different window on the world and it pays off in returns and awards
Mazi Capital — the name signifies a cow, nurturing, unlikely to run from responsibility like her male bull counterpart — has quietly scooped its third Morningstar award for best SA equity fund in four years. That’s no small achievement for a boutique black-owned asset manager, up against the big players of the investment world. Business Day asked chief investment officer Malungelo Zilimbola what the award means for the team. The most important thing is consistency in performance. [The award] is risk-adjusted, which means that for every return generated you’re taking less risk. To minimise losses is one of our big drivers. We’ve won the award three times out of the last four years. It tells you our process works. The team is gelling, we work well together. Team, process and being rigorous — I think those are the elements that added to the consistency. What were some of your top holdings? One of the big holdings we had and have had for a while is Cashbuild. It’s one of those companies...
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