Daniel J. Malan

Perspective applies a long-term value investment approach. Their buy discipline is value-based, because they prefer paying as cheap a price as possible. The firm’s ownership- and sell-discipline is growth-based, because as long-term investors they prefer investing in assets with attractive long-term growth dynamics. They maintain sufficiently diversified and highly liquid portfolios at all times.

RECM is an active, generalist investment manager that follows a disciplined, value-oriented investment approach with a long-term outlook. The firm aims to grow their clients’ wealth in real terms above inflation, while protecting their capital against the risk of permanent capital loss. They invest primarily in South African equity and seek to buy high quality businesses which sell for substantially less than their worth and then wait for this mispricing to be corrected over time. RECM's investment process is bottom-up and based on proprietary research with integrated risk control.