Industry
news
Appointments
Wealth and asset management group Peregrine Holdings announced that Jonathan Hertz has been appointed as the new group CEO following the resignation of CEO, Jan van Niekerk. Hertz, an actuary, originally joined the Peregrine group in August 2000, serving as an executive director and the group’s chief operating officer until October 2005. He is also founder and CEO of South Africa Alpha Capital Management, a Bermuda-based platform that allows investors to make investments into Southern African Alternative Investment Funds.
CADIZ ZAR OPPORTUNITIES FUND AWARDED The Cadiz ZAR Opportunities Fund was recently named as the winner of the South African MultiStrategy Hedge Fund Award at the HedgeNews Africa Awards 2012 ceremony. The Cadiz ZAR Opportunities Fund is a multi-asset, multi-strategy hedge fund that targets absolute returns in a risk-controlled environment. To achieve its objective, the fund invests both long and short, in all types of South African financial assets and derivatives, and Rand-denominated opportunities. It is this focus on downside protection that contributed to the Cadiz ZAR Opportunities Fund receiving this award, as the award is given to the South African multi-strategy hedge fund with the best riskadjusted returns. According to Francois Finlay, portfolio manager, equity markets reflect
34
investsa
Dawie de Villiers has been appointed as chief executive officer of Sanlam Employee Benefits to provide strategic leadership to the business and its five key units. De Villiers has a deep understanding of both the investments and employee benefits industries and a strong grasp of the markets in which Sanlam operates. He is an actuary who joined Sanlam in January 1993 and has held various positions in the investment, life insurance, investment banking and employee benefits areas of the organisation. De Villiers holds a BSc in statistics from the University of Stellenbosch and is a Fellow of the Institute of Actuaries.
unprecedented American and European monetary intervention on a scale never seen before in times of peace. “Risk assets continue upwards on a combination of momentum and low international interest rates. It is uncertain when this upward trend will come to an end. As a result, we see higher volatility going forward. Therefore while we remain defensively positioned and well hedged, we are attempting to take advantage of the current market momentum using hedged equity positions.” As an asset management company focused on enriching lives through investment excellence, we are committed to deliver investment results that outperform the benchmarks and peer groups set for us by our investors, says Frank Cadiz, chief executive officer of Cadiz Asset Management. “We are therefore extremely gratified to have received this further public validation of the enormous effort being made by the investment team at Cadiz Asset Management to deliver on this mandate.”
PSG Asset Management has appointed Anet Ahern as its chief executive officer. Ahern joins PSG with extensive experience in the asset management industry. During her 27year career, she has been involved in the management of assets and companies in the local and global fund management industry in both the primary and multi-management fields. Before joining PSG Asset Management, Ahern was a member of Sanlam Investment’s executive committee as well as chief executive officer of BOE Asset Management. She has also had extensive experience running portfolios as an investment manager.