MANAGER WATCH™ SURVEY
Allan Gray (Pty) Ltd www.allangray.co.za
Company details
Ownership
GIPS
FAIS FSP registration number: 27145 Switchboard: +27 21 415 2300 Fax number: +27 21 415 2400 General email: info@allangray.co.za Website: www.allangray.co.za Address: 1 Silo Square, V&A Waterfront, Cape Town, 8001 PO Box 51318, V&A Waterfront, Cape Town, 8002 Compliance officer name: Ian Barow +27 21 415 9364
What is the ownership structure of the company? Allan Gray is a privately owned company. Who are the directors of the company? Mahesh Cooper, Rob Dower, William Gray*, Andrew Lapping, Ian Liddle (Chairman)*, Teboho Mahuma*, Thando Mhlambiso, Khumo Morolo*, Nhlanhla Nene* (*Non-Executive Directors) Do staff and management have an interest in ownership? Please provide the percentage held by staff and management: Past and present directors own shares in Allan Gray. Additionally 14% of the company has been reserved for our staff share scheme.
Are you GIPS compliant? Yes Are you GIPS verified? Yes By whom have you been verified? Ernst and Young Date of verification: 2016-10-06
Investment philosophy Allan Gray’s investment philosophy is valuation orientated which means that their research effort is focused on identifying good quality assets that are priced below intrinsic value. Intrinsic value is calculated using a number of methodologies but is usually defined as the discounted value of expected future cash flows. They typically buy shares when research and analysis indicates that the intrinsic value of the company far exceeds its market price, in anticipation of the price rising to its intrinsic value. This is in contrast to the “momentum” approach where a manager identifies an upward trend and follows this by purchasing stock in the belief that the trend will continue.
FAIS requirements Who is your FAIS complaints officer? Emile Bester Please provide the link to the complaints policy on your website: https://www.allangray.co.za/globalassets/ legal/complaints-process.pdf
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History When was the company established? 1973 List of mergers that have taken place since being established: None
B-BBEE credentials Are you B-BBEE accredited? Yes What is your B-BBEE status? Level 3 By whom have you been accredited? AQRate Verification Services Date of accreditation: 2016-04-29
Expiry date of verification: The assurance report confirms compliance with the Global Investment Performance Standards (GIPS) for the period from 1 January 2015 to 31 December 2015. We are in the process of obtaining verification for 2016.
Investment mandates What are your total assets under management? R491.4 billion Please detail the mandates you currently manage and the size of each of these mandates: Institutional: R228 billion Retail: R254.4 billion Life: N/A Other: R9 billion