Allan Grey average annual return of 28 percent since 1974

[ASTA]

Another value investor working hard in South Africa :D

If anyone have any more info please post.

 

Allan Gray

 

$8.5 billion

 

Industry: Financial services

 

Country Of Citizenship: South Africa

 

Age: 75

 

Marital Status: Married

 

This media-shy South African moneyman controls two investment companies that collectively manage over $50 billion in assets. After Gray received an MBA from Harvard, he worked for eight years at Fidelity Management and Research in Boston before returning to Cape Town in 1973, when he founded Allan Gray Limited, now the largest privately owned asset manager in South Africa. It is also the most successful with assets under management at approximately $30 billion. According to inside sources at the company, Allan Gray’s global mandate share portfolio has achieved an average annual return of 28 percent since 1974. Keys to success include rigorous research and the consistent application of Allan Gray’s ages-old and time-tested investment approach of buying heavily into companies whose share price is less than their intrinsic value. Gray is also the founder of Orbis, an asset manager in Bermuda, which he founded in 1989. Orbis has over $21 billion under management. Gray’s son, William, is President of Orbis and equally serves as portfolio manager of the Orbis Funds. Gray and his family are the controlling shareholders of Allan Gray Limited and Orbis. In 2007, Gray endowed his Allan Gray Orbis Foundation with $130 million, the single largest charity gift in Southern Africa at the time. The foundation funds scholarships for poor but promising South African high school students.

http://www.ventures-africa.com/2013/10/richest-people-africa-2013/

 

http://www.allangray.co.za/

[matts]

I can't provide too much info as my firm has a business relationship with Orbis, but I can confirm they are smart operators and make great use of leverage.

 

The performance is public at www.orbis.com