Financial Mail - 10 October 2008
Most influential black fund managers
People expecting to see veteran quant manager Herman Steyn presenting at the Nedgroup Investments quarterly roadshow would have been surprised to see Rashaad Tayob in his place. But after seven years he has been promoted to senior portfolio manager in the fixed interest team.
Many BEE managers are resigned to remaining in a niche and have moved into hedge funds where asset size is less important. Two of these managers have escaped the corporate environment of RMB Asset Management, still the most centralised of the large managers. They are Rayhaan Joosub of Sentio Capital and Malungelo Zilimbola of Mazi Capital. Mazi has a strategic alliance with the secretive, but highly successul Visio Capital group run by Patrice Moyal.
Another niched hedge fund business is QT Capital run by Raphael Nkomo with a former proprietary trading team from Investec. The most high profile of this group is Asief Mohamed, who has been chief investment officer of MetAM and now runs his own boutique Aeon Global Capital.
Financial Mail - 16 February 2007
The line blurs
By Stephen Cranston
Traditional investment houses want to step onto hedge fund managers' more profitable turf
Hedge funds used to be considered a somewhat opaque vehicle for rich people with a taste for the unconventional. There was an echo of the dot-com boom of the late 1990s in the way that hedge fund managers made serious fortunes in a few years while boring "old economy" mutual fund managers had to make do with a humble Porsche and couple of houses..
..In SA last year, the biggest inflows came into small shops run by refugees from the traditional industry such as Kimon Boyiatjis (previously Abvest and NIB), Asief Mohamed (ex-Metam) and Morné Marais (ex-Coronation)..
6 December 2007
South Africa Hedge Awards
Arabella Sheraton Grand Hotel
Cape Town, South Africa
The South AfricaHedge Awards celebrated the best performing South African hedge funds of 2007, taking place in the Grand Ballroom of the Arabella Sheraton in Cape Town. The aim of the awards was to recognise the best risk-adjusted performance among South African hedge funds and funds of hedge funds, based on numbers reported to our league tables for the 12 months to the end of October. Over 200 guests attended.
Gala event rewards the leading players after a tumultuous year
Nominees: Aeon Multi-Strategy, Clear Horizon Multi-Strategy, BlueBay Mayflower, Mergence Africa
Multi-strategy is a fast-developing category in the South African hedge fund space, with some quality contenders.
The Mergence Africa Hedge Fund, managed by Masimo Magerman, had a solid year, gaining 23.99% on a Sharpe of 1.97; while Asief Mohamed's Aeon Multi-Strategy fund clocked a 36.61% return on a Sharpe of 2.47.
Clear Horizon, winner of last year's award, had another strong 12 months, gaining 40.29% on a Sharpe of 1.83.
The award went to the fund with the highest return, the best Sharpe and also the biggest assets under management – Mayflower, managed by Uys Meyer, Richard Pitt and the BlueBay team.
Financial Mail - 20 August 2004
Blacks professionals in fund management
A rising tide
By Stephen Cranston, Thandeka Gqubule and Itumeleng Mahabane
.. Asief Mohamed has spent 15 years at Metropolitan Asset Managers (MetAm) and is now chief investment officer. He remembers the days when he was the only black face at corporate lunches. He qualified as a chartered accountant (CA) with Ernst & Young and after a brief stint in Metropolitan Investment Enterprises moved to what was then the investment division. Mohamed has acquired a following among retail investors through regular radio appearances..
Unit Trust Survey
Asief Mohamed, chief investment officer of Metropolitan Asset Managers has won the accolade of Top Portfolio Manager 2003, awarded by the Association of Black Securities and Investment Professionals (ABSIP).
11 November 2003
Best black fund manager
Investment professionals name top black portfolio manager.
Jackie Cameron - Moneyweb
South Africa’s black investment professionals have voted Asief Mohamed, chief investment officer of Metropolitan Asset Managers, South Africa’s top portfolio manager.
The Association of Black Securities and Investment Professionals (Absip) chose Mohamed from a group of about 20 nominees and three finalists, who included Abdulazeez Davids of Allan Gray Long Term Investment Management and Hugo Nelson of Coronation Fund Managers.
Absip deputy president Daisy Pillay said yesterday “technical competence” played a major role in choosing the winner, but other factors like efforts to help transform the financial services industry and “create black capacity” were also important
“He is respected in his industry and also Metropolitan has been very supportive of Absip,” Pillay said.
The award is also aimed at creating awareness about the need to “create black capacity” in the investment industry, she said, adding that nominations for entrants came from companies and peer groups.
Mohamed was not available for comment, but Philip Morrall, managing director of Metropolitan Asset Managers, said Mohamed’s “varied experience and accomplishments as an asset manager set a high standard for the industry”.
Mohamed has won several investment awards, including a Raging Bull in 2001, he added.
Good Governance Award winners
The recipients of the Deloitte & Touche Good Governance Awards were announced on 23 July 2003.
In the Remuneration Practices category, David Barber, Financial Director of Anglo American SA accepted the winning prize. Asief Mohamed, Fund Manager with Metropolitan, said that companies had managed to move past their former reticence and defensiveness about disclosing individual directors' remuneration which was a positive development, "However what is sorely lacking in South African corporate financial patterns is a clear delineation of remuneration and performance bonus benchmarks. Annual reports, for instance, do not provide indications of how bonuses or salaries are determined, or how they might be based on key success criteria. Though now disclosing directors' salaries, companies are failing to disclose the remuneration of their top 20 earners."