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André Steyn: Africa's leading short-seller

Hedge Funds
by trusted insight posted 5years ago 11670 views
From OpalesqueTV André Steyn is the CEO and Portfolio Manager of South-Africa based Steyn Capital Management , which he founded in 2008. From 2004 to 2008, André was the CEO of Temujin Fund Management UK, the UK arm of a billion dollar New York based hedge fund. At Temujin, André was responsible for all non-US investments comprising a long/short portfolio of approximately USD2 billion. From 2002 to 2004, André was an investment associate at Ziff Brothers Investments, a multi-billion dollar hedge fund. At Ziff Brothers, he performed fundamental research for the purpose of recommending new investments for the firm's capital, and generated significant alpha by shorting companies with poor earnings quality. Since launch, André's flagship hedge fund has returned 29.7% net annualized. In this Opalesque.TV interview, he explains what is behind his high hit rate in his Africa investments and the investment opportunities in Africa which benefit from a "strong fundamental tailwind" for the continent. In addition, hear more about: * Learning how to short at Ziff Brothers Investments and Temujin Fund Management * Impressive returns by investing in leading African companies with "unassailable dominance" and details about the risks of investing in Africa and how to deal with them. * Steyn's "pleasant surprise" setting up a hedge fund in South Africa after having worked in New York and London, and how the strong local regulator provides additional level of due diligence for investors. * Steyn's research and investment approach and how South African pension funds will drive (pan-)African investments André began his career at Andersen in 1998, completing his Chartered Accountant articles in Cape Town before transferring to the New York Mergers & Acquisitions practice where he advised companies and private equity funds on acquisitions. André is a Chartered Accountant and a Chartered Financial Analyst, and is a member of the New York Society of Security Analysts. Steyn Capital Management is a value-orientated investment management firm investing principally in publicly traded African equity securities.