Their hedge fund replication fund, iM DBi Long Short Hedge Strategy ETF (DBEH) is up 27.7% since it launched in December 2019.
#Orbis portfolio management full
The firm manages several ETFs that seek to replicate illiquid alternatives at lower costs, with full transparency and daily liquidity. All of our earlier podcasts on your favorite pod hosts can be found here.īe sure to check out our Masters in Business next week with Andrew Beer, Founder and Managing Member of Dynamic Beta investments.
#Orbis portfolio management download
You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. He became a billionaire and philanthropist, created the non-profit Allan Gray Orbis Foundation and Charitable Trust, and donated his stake in Allan Gray Investment Management into the foundation.Ī list of his favorite books are here A transcript of our conversation is available here. Managers believe this fee structure fully aligns the firm’s interest with that of the clients’.Īllan Gray, the firm’s founder, went on to become the largest investment manager in South Africa. Part of that fee goes into a trust, which is used to refund fees when the firm underperforms. Institutions pay nothing unless the firm beats its global benchmark when that happens, the clients pay 25% of the outperformance. The firm’s fulcrum fee - introduced in 2004, and discussed here by me in 2018 - is unique in the industry. Even after a thorough beating in the debates, PMs can still buy those stocks, with the purpose of these raucous arguments to fully understand the company, and not merely to win a debates. He explains the way the firm chooses new investment ideas: In a firm-wide meeting, analysts pitch their best ideas in what often becomes a freewheeling and contentious battle over the benefits and risks of every position. They describe themselves as “ Contrarian, intrinsic value” managers. We have a unique expertise in both domestic and international markets. UBS’s first truly global wealth management team.
This is according to Glacier’s new head of investment solutions, Hildegard Wilson. They run over a 90% active share across their holdings. The union of KPM International and Segal Sanchez Wealth Management created Orbis International Financial Group. Glacier International has placed the 5.2bn (R94bn) Orbis Global Equity fund on its watch list, which could result in a reduced allocation to the fund in its model portfolios. Karr discusses why they are an “unconstrained and concentrated fund,” with about 60 positions in their core fund. The firm and its employees are the largest investor in the fund. The firm was founded in 1989 by Allan Gray, a former Fidelity Fund manager. The (long only) Orbis Global Equity is their flagship fund, accounting for 67% of their assets, and has compounded at 11% annually, outperforming its benchmark since its 1990 inception. Orbis manages $37B in assets, and has a unique fee approach, where they only are paid a fee when they outperform not only that, they refund fees to clients when they underperform.
This week, we speak with Adam Karr, portfolio manager at Orbis Investments and head of the firm’s US division.
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