Management - PDF document

1 Argon Asset Management Challenges in
Argon Asset Management Challenges in the current environment and how to deal with them 19 May 2015 Kyle Hulett, CFA Head of Multi Asset Class "An investor initiative in partnership with UNEP FI and the UN Global Compact". FAIS Accreditation: Kyle Hulett ( RE1 , RE3 & RE5 ) is FAIS accredited Compliance Officer : Ms Bontle Matlou FSB approved number CO 3407, complianc e@argonasset.co.za , Tel 021 670 6570 An African investment firm with global stand

2 ards Argon Asset Management (Pty) Ltd
ards Argon Asset Management (Pty) Ltd is a registered financial services provider Debt Argon Asset Management (Pty) Ltd is a registered financial services provider Debt Argon Asset Management (Pty) Ltd is a registered financial services provider 4 Challenges in the current market environment Source: McKinsey Argon Asset Management (Pty) Ltd is a registered financial services provider Demographics Argon Asset Management (Pty) Ltd is a registered fi

3 nancial services provider 6 Challeng
nancial services provider 6 Challenges in the current market environment Source: BCA Argon Asset Management (Pty) Ltd is a registered financial services provider Productivity Argon Asset Management (Pty) Ltd is a registered financial services provider 8 Challenges in the current market environment Source: BCA Argon Asset Management (Pty) Ltd is a registered financial services provider Quantitative Easing Argon Asset Management (Pty) Ltd is a reg

4 istered financial services provider 10
istered financial services provider 10 Challenges in the current market environment Source: BCA Argon Asset Management (Pty) Ltd is a registered financial services provider Valuation Argon Asset Management (Pty) Ltd is a registered financial services provider 12 Challenges in the current market environment Source: Goldman Sachs Argon Asset Management (Pty) Ltd is a registered financial services provider Pick your benchmark wisely Argon Asset Managem

5 ent (Pty) Ltd is a registered financi
ent (Pty) Ltd is a registered financial services provider 14 How to deal with them? Source: Clare, Motson 2013 Argon Asset Management (Pty) Ltd is a registered financial services provider Understand factor exposure Argon Asset Management (Pty) Ltd is a registered financial services provider 16 How to deal with them? Source: Bloomberg Argon Asset Management (Pty) Ltd is a registered financial services provider Be tactical Argon Asset Management (

6 Pty) Ltd is a registered financial se
Pty) Ltd is a registered financial services provider 18 How to deal with them? Source: Bloomberg Argon Asset Management (Pty) Ltd is a registered financial services provider Biography Kyle Hulett, CFA (Head of Multi Asset Class) B Bus Sc (Actuarial Science) UCT, Fellow of the Faculty of Actuaries FFA (UK) Kyle has over 14 years of multi organizational investment experience and is an accomplished money manager . He brings exp

7 erience from established industry
erience from established industry players such as Cadiz Asset Management, Prescient Securities and Symmetry where he occupied portfolio management roles in the absolute return space . 19 Argon Asset Management (Pty) Ltd is a registered financial services provider 20 FAIS disclosures 1) The intermediary Argon Asset Management (Pty) Ltd (“ARGON”) is an authorised Financial Services Provider;

8 FSP no. 835 Physical Add
FSP no. 835 Physical Address: 1st floor, Colinton House Tel: +27 21 670 6570 The Oval, 1 Oakdale Road, Fax: +27 21 671 8252 Newlands 7700 2) Representative(s) Name Qualification Experience Kyle Hulett CFA , B Bus Sc (Actuarial Science) UCT 14 years Fellow of the Faculty

9 of Actuaries FFA (UK) ARGON
of Actuaries FFA (UK) ARGON has mandated the representative(s) in terms of contract(s) of employment to render the following services on its behalf : Kyle Hulett, Category 1&2  Securities and Instruments: Shares  Securities and Instruments: Money market instruments  Securities and Instruments: Bonds  Securities and Instruments: Debentures and securitised debt  Securities and Instruments: Derivative instruments  Participatory

10 interests in Collective Investment Sche
interests in Collective Investment Schemes  Foreign currency denominated investment instruments  Deposit define in the banks Act exceeding 12 months  Deposit defines in banks act 12 months or less Fit and proper requirements The Representative(s) comply with the fit and proper requirements per FAIS Act. Responsibility for the Representative(s) ARGON takes full responsibility for the actions of the Representative(s) carried ou

11 t in terms of the agreement
t in terms of the agreement concluded and has suitable guarantees in place, including professional indemnity cover, amongst others . 3) Compliance Officer Bontle Matlou – CO 3407 Tel: +27 76 358 2693 Fax: 086 214 7356 E - mail: compliance@argonasset.co.za 4) Key Individuals (responsible for the representatives): Mr Mothobi Seseli Chief Executive Officer Dr Manas Bapela Chief Investment Officer Mr

12 Luyanda Joxo Head of Institutional Bus
Luyanda Joxo Head of Institutional Business Mr Sello Setai Head of Finance & Operations 5) Complaints handling procedure Should you have complaints regarding advice given by the representative(s) or their conduct, or any complaint relating to the services rendered by ARGON please contact the Compliance Officer in writing at the addresses supplied in section 1 or 3 above . Upon

13 receipt of a written complaint
receipt of a written complaint we will provide you with an acknowledgement of receipt, within 48 hours and endeavour to resolve your complaint as soon as possible . Should there be any delays in resolving your complaint, we will advise you timeously . If your complaint is not resolved to your satisfaction you may direct it, in writing, to the Office of the Ombud

14 for Financial Services Providers
for Financial Services Providers whose details are set out below . FAIS Ombud PO Box 74571 Lynwood Ridge, 0040 Telephone: +27 12 470 9080 Facsimile: +27 12 348 3447; E - mail Address: info@faisombud.co.za Argon Asset Management (Pty) Ltd is a registered financial services provider 21  Argon Asset Management (Pty) Ltd is an independent investment management company registered in South Africa, company

15 registration number 2002 / 016801
registration number 2002 / 016801 / 07 and an authorised financial services provider under the Financial Services Board (FSB) registration number 835 as well as FSB section 13 B pension funds administrator registration number 24 / 434 . The main business of Argon Asset Management is the provision of investment management services to institutional clients . Argon Asset Management mana

16 ges South African specialist equ
ges South African specialist equity portfolios, SA fixed income portfolios and multi - asset class absolute return portfolios .  Argon Asset Management (Pty) Ltd has been verified by an independent verifier . Copies of the verification reports are available on request .  The composites include all portfolios that are managed according to the best investment view of Argon

17 Asset Management , follow the
Asset Management , follow the same investment philosophy and process, have the same benchmark and Argon has total discretion .  Performance figures are calculated and presented gross of management fees, custodial fees, trustee fees, audit fees but net of all transaction costs .  Returns are calculated net of withholding taxes, any reclaimable portion is accounted for

18 on receipt .  The minimum
on receipt .  The minimum portfolio size for inclusion in the composite is R 10 million . No changes have taken place to this minimum asset level .  A complete list and description of all composites is available on request by contacting Mr Luyanda Joxo on + 27 21 670 6576 , email luyanda@argonasset . co . za .  Portfolio valuations are computed and performance

19 results are reported in South
results are reported in South African Rands (ZAR ) .  No leverage is allowed in the implementation of the investment strategy . Multi asset class investment strategies include the use of derivatives .  Additional information regarding the firm’s policies and procedures for calculating and reporting performance results is available upon request .  No representation is ma

20 de that the performance of the
de that the performance of these investment accounts are indicative of future investment performance . The composite results are asset weighted on a monthly basis . Quarterly and annual composite performance figures are computed by linking monthly returns, resulting in a time weighted rate of return .  The firm’s annual fee schedule for the Argon product is available

21 on request . GIPS perfo
on request . GIPS performance disclosures 21 Argon Asset Management (Pty) Ltd is a registered financial services provider 22 Contact details Luyanda Joxo, CFA Jeremy Jutzen Head of Institutional Business Client Relationship Officer Tel +27 21 670 6576 Tel +27 21 670 6592 Fax +27 86 674 1100 Fax +27 86 242 9958 Cell +27 84 701 1271 Cell +27 83 703 8523 Email: luyanda@arg

22 onasset.co.za Email : jeremy@arg
onasset.co.za Email : jeremy@argonasset.co.za Cape Town Office Johannesburg Office 1 st Floor, Colinton House, The Oval 7 th Floor, Fredman Towers 1 Oakdale Road, Newlands, 7700 13 Fredman Drive ,Sandton, 2146 General T el +27 21 670 6570 www.argonassetmanagement.co.za Insurance notification We have Professional indemnity and fidelity guarantee cover in place to indemnify us against negligence, theft, fraud, er