The Fund is a Cayman Island registered and Regulated Fund, launched in January 2021.
Investment Objective
The investment objective of the Fund is to achieve absolute returns over the long-term, with the aim of achieving consistent returns irrespective of the prevailing market conditions.
Investment Policy
The Fund intends to execute its strategies across multiple asset classes, including equities, foreign exchange, commodities, indices, fixed income instruments and derivatives (including but not limited to futures, options, and contracts for difference). The Fund will seek to capitalise on both short-term market volatility, as well as long-term macro trends and thematic plays.
There can be no assurance that the Fund will achieve its investment objective and losses may be incurred.
The Directors
The Directors of the Fund are responsible for the management of the Fund.
Luan Egan
Luan has over 33 years’ experience within the investment industry. Starting in “back” office she moved into a compliance role following the demutualisation of the Johannesburg Stock Exchange. She has a broad knowledge of investment management and stockbroking, having held positions as an institutional trader and portfolio manager, as well as in risk and compliance. For the last 10 years, Luan has held the role of Chief Operating Officer for Nedbank Private Wealth, a large South African Wealth Management business within Nedbank Limited. In 2020, Luan joined the Investment Manager as Chief Executive Officer.
Brad Cowdroy
Brad Cowdroy is a principal of Danesmead Partners, a Cayman Islands based company licensed by the Cayman Islands Monetary Authority, specialising in providing independent director services and advisory services to offshore and onshore companies and limited partnerships. Brad has 20 years’ experience in the financial services industry, having worked extensively with hedge funds, fund of funds and private equity funds across different alternative investment strategies and a range of fund structures. He has specific expertise within fund administration, accounting, valuation, investor communications and regulatory risk management.
Brad qualified as a Chartered Accountant with BDO in Sydney, Australia, before moving to the Cayman Islands with Pricewaterhouse Coopers. He is a member of Chartered Accountants Australia and New Zealand and the Cayman Islands Directors Association. He graduated from Western Sydney University with a Bachelor of Commerce (Accounting) Degree.
Nicolaas Hanekom
Nick completed his articles with PwC in Johannesburg where after he joined PwC London. On his return to South Africa in August 2005 he was employed by Resilient REIT Limited, initially as company secretary and, with effect from May 2011, as financial director of Resilient. In March 2020 his role changed to that of chief operating officer.
Each of the directors of the Fund serve in a non-executive capacity. Each of the Directors is registered or licensed with CIMA pursuant to the Directors Registration and Licensing Law of the Cayman Islands 2014.
The Investment Manager
CAPRICORN FUND MANAGERS LIMITED
The Fund has appointed the Investment Manager to perform portfolio management, risk management and certain other services in respect of the Fund.
The Investment Manager was incorporated in England and Wales on 17 March 2009 (registered number: 06849383) and is authorised and regulated by the FCA in the U.K. as a full-scope AIFM under the FCA Rules. Pursuant to the Investment Management Agreement, the Investment Manager has full discretion, subject to the responsibility and supervision of the Directors and subject to the AIFMD Rules, for the investment of the assets of the Company and the Fund in a manner consistent with the investment objectives.
Genavest Capital Limited
Genavest Capital Limited was incorporated in England and Wales on 31 July 2020 (registered number: 12783153).
The Investment Manager has entered into an agreement with Genavest pursuant to which Genavest will provide the Investment Manager with services and personnel to assist with the provision of investment management services by the Investment Manager to the Fund.
The principal portfolio manager in respect of the Fund is:
Ronnie Porter
Ronnie holds a B COM degree in Business Economics. He has 22 years of experience in the financial services industry ranging from servicing of high-net-worth clients to providing wealth management advice to clients across multiple international regions. In the past six years, Ronnie has advised on significant international portfolios of several ultra-high net worth clients, his services included but were not limited to fiduciary roles, trading strategy, execution, and implementation. He has significant exposure to investing through real estate and infrastructure.
