CORPORATE PROFILE h o l d i n g s

Transcription

1 CORPORATE PROFILE holdings

2 COMPANY Novare was founded in South Africa in October 2000 as an independent investment advisory business. In 2006, the management of Novare took a strategic decision to expand beyond the borders of South Africa. Since then, the group has built an extensive network and gained valuable experience and insight into investing on the African continent, increasingly regarded as an investment destination of choice. Having been in business for over a decade, Novare has some 400 years of collective investment industry experience. Our vision is to be the leading emerging market investment advisor of choice. We believe that the steady growth of our business, and our ability to retain clients for the long-term, is due to consistent performance, continuous product innovation and a solid track record in successful fund management. Over the years, Novare has been nominated for and has received several prestigious national and international awards. Pioneers in investment management in Africa, we aspire to provide innovative solutions, based on fundamental research, in the fields of: Asset management, Investment advice, Implemented investment consulting, Alternative investment solutions, and Private equity. ASSETS UNDER MANAGEMENT Assets under advice: R184,74bn Discretionary investments: R56,68bn R R /12/ /03/2016 R R Billions R /12/ /12/ /12/2014 Last 5 years 1

3 STRUCTURE Novare is owned by Workers Health (26%), and the founding shareholders (74%). OUR DIRECTORS Mr JJ Henn Mr DA Roper Mr MN Thobejane Mr ET Nxumalo Mr JP Pretorius Mr CWJ Lyons Mrs M Henn Mrs M Roper : CEO : Executive Director NOVARE EST (100%) Independent investment consultants actuaries & consultants EST (100%) Multi-manager solution specialist EST (94.7%) African private equity fund manager capital EST (90%) Facilitator of product solutions EST (100%) MANCO c i s wealth holdings Workers Health (BEE) (26%) Founding Shareholders (74%) EST (100%) Individual financial advice actuaries & consultants botswana EST (51%) Investment service provider INVESTED 2013 (38.8%) Boutique asset manager 2

4 TEAM We benefit from the expertise and qualifications of a diverse team across various actuarial and investment disciplines. Our people have the capability to add significant value, as demonstrated by our strong performance track record and passion for investment innovation. Our Africa team, with several members based in different African countries, has extensive experience in both fund management and property development in Africa. MASTER QUALIFICATIONS INCLUDE 4 Actuaries 3 CFA charterholders 1 CAIA member 7 Chartered Accountants (SA) 7 MBA holders 7 LLB s 9 Masters 1 CFP (Certified Financial Planner) 1 CERA (Chartered Enterprise Risk Analyst) 48 Bachelor Degrees KEY FEATURES A 16-year track record in managing and advising some of the largest pension funds in Africa Our independence ensures no conflict of interest in selecting product providers One of the four prominent institutional investment advisors in South Africa A significant contributor to the South African hedge fund of funds environment Leaders in hedge fund research, both locally and internationally Pioneers in frontier markets research, notably Africa A professional, highly skilled and experienced team committed to superior client service delivery Substantial investment in renowned world-class systems to support the intellectual capabilities and service infrastructure of our business Robust research and asset allocation capabilities Proven processes with a strong focus on risk management We subscribe to international best practice 3

5 SOUTH AFRICAN SERVICES IMPLEMENTED INVESTMENT CONSUTING MAYIBENTSHA FUND OF HEDGE FUNDS As an independent investment advisor we provide investment consulting services to institutional clients throughout Southern Africa. Our expertise in asset management and in advising clients and boards of trustees has been built over many years and allows us to offer practical guidance on a wide range of investment matters. The support extends throughout the investment process, from the initial advisory stage through to execution and on-going monitoring. Our implemented consulting solution provides clients with the benefit of world-class systems, coupled with a dedicated consulting service team to ensure access to and execution of innovative asset management and portfolio construction techniques and solutions. We are pioneers in the construction and management of fund of hedge fund products, managing the award winning Mayibentsha Moderate Fund of Hedge Funds since April Other fund of hedge fund products include a suite of risk-profiled portfolios for both the institutional and retail market that enables an investor to target a specific risk/return. Robust portfolio construction combined with in-depth research and reporting systems enable the team to blend different asset classes and hedge fund strategies in an optimal way. All products are multi-manager, multi-strategy funds of hedge funds and are designed to reduce risk, enhance returns and preserve capital over the longer term. Assets are allocated to experienced hedge fund managers, diversifying risk and gaining exposure to a broad range of investment strategies. The Mayibentsha team proactively reallocates among managers and strategies based on an ongoing assessment of both quantitative and qualitative factors combined with economic factors. As specialists in the field of hedge funds in South African the team has been publishing the annual Novare Investments South African Hedge Fund Survey since MULTI-MANAGEMENT Our multi-manager philosophy is centered upon our active investment and risk management process, which allows us to deliver consistent and superior long-term, risk-adjusted returns to our clients. An in-depth and rigorous manager research process, together with ongoing analysis and monitoring, enables the team to construct optimal portfolios for different return targets. Our understanding of each manager's contribution towards the overall portfolio, together with tactical asset allocation, leads to superior performance. OFFSHORE Novare has extensive experience in managing offshore multi-manager products and has built up a solid and very successful track record over the past 10 years. Novare has a broad, far-reaching coverage of global asset managers and its offshore capabilities span across different asset classes. A truly independent approach to selecting the best global managers is followed, enhanced by our portfolio construction skills and techniques. Partnerships and networks have been forged over numerous years to ensure that our clients benefit from the latest research and investment management developments. Core to the investment approach is a strong focus on risk management. PRODUCT SOLUTION PLATFORM Novare Capital facilitates the current range of investment products and solutions offered by the Novare group. We offer products such as unit trusts, retail retirement vehicles, post-retirement solutions and effective pooling vehicles through our own licensed entities. This enables us to provide clients with unique and cost-effective solutions. In addition, we were granted a Section 13B licence, which enables us to launch a suite of retirement products such as Preservation Funds. WEALTH Novare Wealth offers individual financial advice to institutional clients as well as post retirement solutions in consultation with selected clients. 4

6 AFRICAN SERVICES PRIVATE EQUITY As a private equity fund manager, we focus on investment opportunities in sub-saharan Africa, excluding South Africa, with specific focus on the property sector. Our strategy is to leverage off the expansion strategies of successful South African and other international companies in the rest of Africa. Novare s experience and risk mitigating strategies in Africa assist in identifying and implementing sound developments, and in navigating the sometimes challenging landscape. By partnering with the largest and most successful retail companies in Africa as anchor tenants, we are able to deliver superior investments to the market. We deal with premier financial institutions, high-end project and property management and construction companies to mitigate construction and delivery risks. INVESTMENT MANAGEMENT We provide a full investment management service for clients across Africa, with a range of investment services as well as specialised multi-management products focused specifically on the institutional market. ACCOLADES Novare was awareded Most Outstanding Fund of Hedge Fund Management Firm - South Africa at the Global Fund Awards 2016 Novare Investments was awarded Most outstanding Fund of Hedge Fund Management Firm - South Africa at the Global Fund Awards 2016 Novare Investments was awarded "Hedge Fund Firm of the Year - South Africa at Finance Awards 2016 Novare Investments was awarded "Best Multi-Manager Fund Provider" at the Global Fund Awards 2015 Novare Investments was awarded "Best Fund of Hedge Funds" at the 2015 Alternative Investment Awards Novare Actuaries and Consultants is the investment consultant to the Botswana Public Officers Pension Fund, which was awarded the African Pension Fund Initiative of the Year Award in view of its new investment strategy at the African Investor CEO Institutional Investment Summit 2014 in New York Novare Investments was awarded the South African Hedge Fund Research Provider of the Year at the International Hedge Fund Awards 2013 The Mayibentsha Moderate Fund of Funds was awarded the Best Fund of Funds at the HedgeNews Africa Awards in 2013 The Mayibentsha Focused Fund of Funds was awarded the Long-term Performance Fund of Funds at the HedgeNews Africa Awards in 2012 The Mayibentsha Opportunities Fund was awarded the HFMWeek Top Fund of Fund emerging markets in October 2009 in New York 5

7 HEAD OFFICE JOHANNESBURG OFFICE THIRD FLOOR, THE CLIFFS OFFICE BLOCK 1 FIRST FLOOR NIAGARA WAY, TYGER FALLS, CARL CRONJE DRIVE 30 JELLICOE AVENUE, ROSEBANK BELLVILLE 7530, CAPE TOWN, SOUTH AFRICA JOHANNESBURG 2196, SOUTH AFRICA TEL: FAX: TEL: FAX: P O BOX 4742, TYGER VALLEY, 7536, SOUTH AFRICA BOTSWANA OFFICE 6D, SIXTH FLOOR, ITOWER, CBD GABORONE, BOTSWANA TEL: FAX: P O BOX 1454, GABORONE, BOTSWANA DISCLAIMER This document is confidential, private and intended solely for the addressee(s) and clients of Novare Holdings (Pty) Ltd (Registration No. 2005/035231/07) (Novare). Copyright in this document created by Novare will remain vested in Novare and will not be transferred to anyone in part or whole without the prior written consent of Novare. The following Companies form part of the Novare Group of Companies: Novare Actuaries and Consultants (Registration No. 2001/008015/07) (Pty) Limited (NAC) is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act, No. 37 of FSP No. 815 (CAT I & CAT II). NAC is approved by the Financial Services Board in terms of Section 13B of the Pension Funds Act, 24 of 1956, as an Administrator, authorised to administer on behalf of retirement funds the disposition of benefits provided for in the rules of the funds: 24/766. NAC is a member of the South African Institute of Retirement Funds & the Association for Savings and Investment SA. Novare Investments (Pty) Limited (NI) (Registration No. 2000/018539/07) is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act No 37 of FSP No. 757 (CAT I, CAT II, CAT IIA). NI is approved by the Financial Services Board in terms of Section 13B of the Pension Funds Act, 24 of 1956, as an Investment Manager, authorised to administer investments on behalf of retirement funds. NI is a member of the Association for Savings and Investment SA. Novare Equity Partners (Pty) Limited (NEP) (Registration No. 2007/020662/07) is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act No 37 of FSP No (CAT I and CAT II). NEP is approved by the Financial Services Board in terms of Section 13B of the Pension Funds Act, 24 of 1956, as an Investment Manager. NEP is a member of the South African Council of Shopping Centres. NEP is a member of South Africa Nigeria Chamber of Commerce. Novare Capital (Pty) Limited (NC) (Registration No. 2013/190032/07) is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act, No. 37 of FSP No (CAT I). Novare CIS (RF) (Pty) (Limited) (NCIS) (Registration No. 2013/191159/07) is a registered Manager in terms of the Collective Investment Schemes Control Act, No 45 of Novare Wealth (Pty) Limited (NW) (registration number 2014/136255/07) is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act, No. 37 of FSP No (CAT I).