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 Egan has over 37 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 10 years, Luan held the position of Chief Operating Officer for Nedbank Private Wealth Stockbrokers, a large South African Wealth Management business within Nedbank Limited Group. In 2020, Luan joined Genavest as Chief Executive Officer.
Brad Cowdroy
Brad Cowdroy acts as an independent director to a range of funds across the alternative asset space, including hedge and private equity funds. He became a principal of Centralis Cayman, part of the Centralis Group, following its acquisition of Danesmead in 2022. Brad has over 25 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.
Prior to Centralis, Brad served as an independent director for several years with Danesmead and ICG, both Cayman Islands based director services firms, having previously served as Director of Harmonic Fund Services where he co-managed the hedge funds group. Brad has also served as General Manager of Trinity Fund Administration where he was responsible for financial reporting, operations, corporate services and business development. Earlier in his career Brad worked for Goldman Sachs Administration Services as Vice President and Fund Accounting Manager, where he oversaw one of the groups’ largest clients, a multi strategy family of hedge funds that invested globally, and at CIBC Bank and Trust as an Account Manager within Fund Services.
Brad qualified as a Chartered Accountant with BDO in Sydney, Australia, before moving to the Cayman Islands with PricewaterhouseCoopers in 2001. 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 Financial Conduct Authority in the UK. 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).
Genavest Capital Limited is an Appointed Representative of Capricorn Fund Managers Limited, which is authorised and regulated by the Financial Conduct Authority.’
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 Porter holds a B COM degree in Business Economics. He has 27 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 ten 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.
