STEPHEN CRANSTON: Investec still has a foot in the business

The average UK client has about R8m in assets with Investec, but this isn’t usually unencumbered

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STEPHEN CRANSTON: Investment’s dark horse

The old Russell Marriott & Boyd Trust property investors were always some of the most highly regarded experts on commercial property

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STEPHEN CRANSTON: Worst-performing equity fund of 2019

This year PSG Equity managed to lose almost 7% in a market in which the major asset classes gave real returns

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STEPHEN CRANSTON: Figuring out the winners

It would make the life of the unit trust providers far easier if there were one awards show providing undisputed bragging rights

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STEPHEN CRANSTON: Consolidation’s a-comin’

Globally, there has been a move towards large asset managers, yet there are few signs of consolidation in SA

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STEPHEN CRANSTON: Allan Gray Balanced Fund — trading on its pedigree

If it were a fund manager in its own right, the Allan Gray Balanced Fund would be one of the top half dozen managers in SA

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STEPHEN CRANSTON: End of the celebrity CEO

Could it be that modern corporate governance makes it much harder for a CEO to be bold and creative?

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STEPHEN CRANSTON: Putting stock in tech

The tech sector is now even more dominant than it was at the time of the dot-com bubble

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STEPHEN CRANSTON: Diving for deep value

Cynics may think ‘deep value’ is no more than code for ‘bad stockpicking’, and, yes, that has been true recently

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STEPHEN CRANSTON: Beware the dragon

China is expected to take a big stride – towards a ‘one person, one vote’ shareholder structure

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STEPHEN CRANSTON: The China conundrum

You have to go to China to realise its cultural significance – it is not the kind of share you will uncover poring over spreadsheets in the office

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STEPHEN CRANSTON: Curb your enthusiasm

Schroders believes that only emerging markets will show higher returns in the next decade than in the previous one

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STEPHEN CRANSTON: Hunting the magic touch, is GSM the investment fund for you?

What I like about the fund is that it has torn up the rule book that required asset allocation to be fixed

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STEPHEN CRANSTON: Ashburton realises it’s time for the big guns

The retail client base was virtually ignored when RMB Asset Management was the group investment house

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STEPHEN CRANSTON: All eyes on Kagiso Asset Management

Kagiso Asset Management must surely now be the go-to BEE asset manager for equity and balanced portfolios

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STEPHEN CRANSTON: Black-controlled private equity’s moment

The 15 black-controlled private equity houses manage R15.2bn. This might look tiny against the R564bn in public markets, but it is a 9% share of the private ...

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