Kevin Barrett, CFA

Catch Bateleur Capital at the #GlacierInvestmentSummit in the Free state on Friday morning. Promises to be an interesting discussion on Agriculture & Policy.

2

What our portfolio managers, Bronwyn Blood and Paul Bosman, had to say about local markets in the run up to the cabinet announcement and today’s negotiation standoff. Read full Citywire articles here: Fixed income investors react well to coalition talks https://lnkd.in/d4D_zTVq Political changes continue to boost SA assets https://lnkd.in/dXTHCMuw #problemsintoopportunities #strongertogether

25

Secondaries financing market is nascent, but growing: Investec. According to a survey of 50 global secondaries managers, GPs are using financing for secondaries deals in increasingly meaningful numbers, with increased uptake of subscription line facilities in particular. #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets #PrivateDebt #PrivateCredit https://lnkd.in/eWuKD7vh

34

Next week, Thursday 16 May, Real Deals will be hosting an exclusive Breakfast Briefing A Second Act: Unlocking the true potential of a continuation fund, in partnership with Investec. When: Thursday 16 May 2024 | 08:30 – 11:00 (BST) Where: Mayfair, London Register your interest here: https://lnkd.in/eT6iGdyq? With the exit environment remaining sluggish, continuation funds have emerged as a favoured exit strategy for GPs. These funds not only provide a lifeline in challenging market environments but also cater to the sophisticated strategies of HNWIs and general partners aiming for well-timed exits and targeted investment approaches. #fundmanagers #gp #gps #exits #continuationfunds #HNWIs #valuecreation

6

Christopher Egerton-Warburton was delighted to lead a roundtable discussion on indices for climate financing in the global south, bringing together MOBILIST Global and Prosper Africa, led by Louise Walker and British Robinson together with representatives of the US investor community and London-based asset managers at the London Stock Exchange during London Climate Action Week. Lion's Head Global Partners acts as Research Lead on the MOBILIST Global programme for the UK Government. The roundtable discussed constraints to increasing capital flows into developing countries through listed markets from pipeline, to global regulation, to investor awareness and the standout performance of US equities in recent years.   One area of particular focus was the role that development finance can play to catalyse a change in perception of the Frontier equity markets.   A big thank you to everyone involved and more to follow, including opportunities to work with MOBILIST and its partners to turn initial backtesting into refined indices, investment, and - ultimately - impact.   #DevelopmentFinance #Finance #Investment #SustainableDevelopment #Africa #ETFs #Innovation #IndexFunds #LondonStockExchange #LionsHeadGlobalPartners #ProsperAfrica

59

1 Comment

Hear about Utilico Emerging Markets Trust in 60 seconds - thanks to Edison Group and Mel Jenner for sharing this summary. #investmenttrusts #utilities #infrastructure #emergingmarkets

14

1 Comment

Portfolio Manager Mike Van Der Westhuizen, CFA joined Jeremy Maggs on HOT102.7FM Hot Business show and discussed the short, medium, and long-term economic impact of the Government of National Unity (GNU) amid the positive market sentiment following the formation of the GNU. Listen to the interview here. #CitadelSA #BeyondRemarkable #EconomicOutlook #GNU #HotFM #HotBusiness

25

Discover "A New Era of Investment Opportunities" with Raymond Shapiro, Head of Quality & Portfolio Manager at Merchant West Investments. Don't miss his valuable insights at our webinar on 28 May. Register today: https://lnkd.in/drbMYdz8 . . . #Janethugo #Raymondshapiro #investmentopportunities #Financialservices #FinancialPlanner #financialwellness #Finance #investing #womenfinance #womenempowerment #womenandmoney #InvestingSmart #wealthmanagement #fundmanager #financialadvisor #investment #breakthebias #FinancialPlanning

6

Equity Development and Paul Bryant initiate coverage today on Mercia Asset Management PLC as they announce a strategic shift to focus on highly profitable and fast growing fund management: "A deeply undervalued specialist in private markets" (report here: https://lnkd.in/eV7gVarX) Mercia is one of the largest investors in ‘regional’ (ex-London) UK growth businesses. Its primary focus is managing funds of around £1.6bn for third parties (FUM) in structures such as Venture Capital Trusts, EIS funds and funds for institutional investors. The business is scaling. FUM has more than doubled in two years. Record net flows exceeded £0.5bn in FY24. And growth is by far the highest among a London-listed peer group. FY24 revenue grew 18% y-o-y to £30.4m, EBITDA 7% to £5.5m, a margin of 18.2%, likely to ratchet up over the longer term as the business scales further. Indeed, the newly announced Mercia 27:100% growth strategy aims to reach £3bn AUM (FUM + proprietary capital) and £11m EBITDA in 3 years. Mercia also invests its own capital into a portfolio of ‘direct investments’ (NAV: £189m on 31 Mar 24). Its record is impressive. A strategic change is to be proposed at the 2024 AGM - to focus primarily on highly profitable and fast-growing fund management, and to stop making new direct investments (while supporting existing investments). This allows Mercia to reclassify from an investment company to a trading company under AIM rules, allowing gains made on shares to be IHT-exempt (under certain conditions). With a fundamental value 65% above the share price, we see potential for a significant re-rating and our fair value is 51p.

6

2 Comments

The confirmation of a decisive Labour majority win is likely to be initially taken positively by markets, according to St James’s Place CIO, Justin Onuekwusi. Our focus now turns to what this means for the economy, markets and investments 📈. Here, he and other investment experts at SJP outline their thoughts on the short-term impact of the UK election. Click here to read more about the investment impact of Labour's win: https://lnkd.in/eV52egGr #LabourMajority #UKelection #investmentOutlook

3

Liontrust Asset Management PLC outflows slow to £900m 💰 as CEO bets on better outlook for asset managers after election. Liontrust net outflows nearly halved in the most recent quarter, as chief executive officer John Ions bets that a period of political stability will drive international investors back to the UK markets. Check out Valeria Martinez's latest article 👇 https://incm.pub/4eOJy06 #investing #assetmanagement #wealthmanagement #finance

3

❗ What's behind the growth of tailored investment solutions? Our Head of Tailored Investments Catherine Makin discusses this and more in Professional Adviser. ➡️ Read here: https://hubs.ly/Q02BHzqn0 ➡️ For more expert FE fundinfo insights: https://hubs.ly/Q02BHxc40 #FinancialAdvisers #FinancialAdvice #InvestmentSolutions #WealthManagement #FEfundinfo

13

Hear from Kenneth Lamont, Senior Fund Analyst - and Mia Desmoulins, Senior Product Manager at Morningstar at the Future of Investment Festival on 5 June as they present a session on 'What to look for when selecting a thematic fund'. During this session they will address some of the questions they are frequently being asked about thematics and present a framework for evaluating these often poorly understood investments. Register your place today to hear from Morningstar and many other experts: https://incm.pub/3V2c8lJ #futureofinvestmentfestival hashtag#futureofinvestment hashtag#sustainability hashtag#sustainablefunds hashtag#esg hashtag#investmentfunds hashtag#assetmanagement

28

#JupiterAM Register to the webcast: https://ow.ly/CvsH30sCKR8 What problems do investors face when markets are unpredictably dependent on uncertain macro events? Dr Amadeo Alentorn, Lead Investment Manager, Systematic Equities, gives his views in this webcast.

10

Investec Wealth & Investment UK’s Core range is now available to include in the comparison, due diligence and suitability exercises you run in Analyser. Find out more here -> https://lnkd.in/gSXWJ5Sv #duediligence #suitability #MPS #financialplanning #paraplanning

1

Investors urged to step up scrutiny of 'value trap' secondaries in semi-liquid funds. James Witter. Christian Wicklein. Investors have been urged to be wary of semi-liquid private markets funds built with secondary deals undertaken at deep discounts, which industry players have argued could materially dilute their future return potential. Check out Valeria Martinez's latest article 👇 https://incm.pub/3RJOj19 #investing #assetmanagement #wealthmanagement #finance

1

✒️ Baroness Dr. Dambisa Moyo discusses energy, and the challenge of distribution, and funding. 👉 Listen to the full episode here! https://lnkd.in/dWJCK7K8 The Money Maze Podcast is kindly sponsored by Schroders, the World Gold Council, and IFM Investors. #finance #worldeconomy #globaleconomy #useconomy #dambisamoyo #moneymazepodcast #financepodcast

3

💡🌱📑: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗽𝗼𝗹𝗶𝗰𝘆 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 𝗶𝗻 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 Despite the risk of policies being dialled back, the issue is speed rather than direction, writes Victoria MacLean, Associate Fund Manager at WHEB Asset Management. With negative sentiment towards electric vehicles (EVs), headwinds facing clean energy companies, and the risk that Donald Trump (should he be re-elected) would try to repeal elements of the Inflation Reduction Act (IRA), the outlook for climate investing looks bleak on the surface. 𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: https://lnkd.in/dC8JNXsG. Not an Environmental Finance subscriber? Register to receive a free one-month trial: https://lnkd.in/gYmdpGH. #esg #sustainableinvesting #policy

20