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AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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News > Funds > Launches

BayHill Capital to offer bespoke portfolios for private clients

Africa Global Funds
Feb. 4, 2016, midnight
635

Word count: 559

BayHill Capital, a new boutique investment firm in South Africa, has been launched to offer unique and exciting client offerings.

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BayHill Capital, a new boutique investment firm in South Africa, has been launched to offer unique and exciting client offerings.

Spun out of the private client division of Cannon Asset Managers, private client share portfolio business BayHill Capital has the flexibility to customise the shares it purchases on a client-by-client basis.

Geoff Blount, Managing Director of BayHill Capital, said: “The capacity we have built in BayHill Capital means will be able to breathe life into ‘neglected’ stockbroker portfolios.”

“A key competitive advantage is our team’s deep knowledge and skill in the small mid-cap market, as well as our strong ability in the use of contracts for difference (CFDs),” he added.

Many investors with stockbroker accounts too often end up with ‘neglected’ share portfolios, explained Blount.

Investors often don’t have the time to give their portfolio the due care and attention it needs and deserves, yet they are uncomfortable with handing over the control of the portfolio to someone else.

To address this need, BayHill has created the Co-Pilot Portfolio offering, where the investment manager co-manages the share portfolio with the client.

The Co-Pilot Portfolio has the advantage of being professionally managed with oversight and monitoring by BayHill, coupled with a high level of engagement with the client regarding what goes in, and very importantly, out of the portfolio.

The Co-Piloted Portfolio will aim to target longer holding periods for long-term capital growth, ensuring that the manager works with clients to seek out valuable gems in the market for both local and offshore share portfolios.

In addition, BayHill is able to further tailor its offerings for clients who wish to have a more aggressive strategy for their share portfolios, or at least for a portion of their equity exposure.

“The Active Equity Portfolio targets short-term trading opportunities presented by the market which may last anywhere from one day to one year,” said Blount.

“We also use CFDs in the Active Equity Portfolio which also allows BayHill to short a share and profit from its fall, as well as enter into pair trades where one share is bought and another shorted against it. But CFDs are used in a highly risk-controlled manner, with a target of adding value to each client portfolio every month, irrespective market direction,” he added.

BayHill also builds traditional private share portfolios where a pre-agreed strategy is put in place for a client, with full discretion to manage the portfolio and implement the strategy.

Finally, the investment manager offers non-discretionary accounts where instructions are taken from clients on what to buy and sell.

“We are excited about the potential for BayHill Capital. Every client has unique needs and requirements and we will be able to satisfy all of these with our bespoke portfolios,” said Blount.

BayHill Capital is part of the Peregrine Holdings Group.

Bayhill Capital has a team of eight staff members managing more than R1bn in specialist private client mandates, contributing to the R102bn of assets managed in the Peregrine Group.

Joining Blount at BayHill Capital are portfolio managers Victor von Reiche and Daniël Spoormaker, and client managers Craig Simpkins, Andrew Newell and Doug Turvey.

Backed by two equity traders, the team has 80 years’ experience in the investment field.

Jonathan Hertz, Peregrine Holdings CEO, said: “At Peregrine Holdings, we believe that BayHill Capital expands our offerings into our wealth management business segment. This will add the new element of direct private client share portfolio management, to complement our already broad private client offering.”

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