About Perspective

  • Why and How Perspective Started
    Aspen Forest
    Aspen Forest

    Our Name:
    To us, Perspective is about having a point of view while remaining open-minded, intensely curious and respectful of the different views of others. It is to recognise and unleash the potential of bringing multiple perspectives to the pursuit of knowledge and investment returns.

    Daniel Malan Shares his Personal Story

    I grew up in an entrepreneurial household in South Africa. I watched my dad start a business from scratch. They took on a dominant, aggressive industry leader, created real value for their clients, gained market share and earned respect, inside and outside South Africa. It was not easy and it didn’t just happen overnight.

    I experienced what it took to create and build a business and provide for one’s family; relentless determination, willpower, loyalty, humility, an ability to roll with the hardest punches, continuous learning, innovation, a clear long-term vision, a unique value proposition and an ability to find and convince credible like-minded stakeholders to clearly see that vision, sign up, and show up.

    I gained my work experience since 1996 in the global investment industry; including stockbroking, advice, settlements, trading, investment analysis, portfolio management, investor & media relationships, marketing and business management. For 24 years I have continually sought out knowledge and mentorship and established a global network of treasured long-term professional relationships. I have no intention of stopping.

    I first met Jean-Marie Eveillard in July of 2012 and I cannot think of a better role model for any investment professional. His exceptional long-term investment track record spans over 5 decades and speaks for itself. Yet, he is also one of the most sincere, humble people I have ever met. His support for and patronage of Perspective inspires us.

    I began working alongside Sean Neethling in 2011. While we have different backgrounds and orient from different perspectives, we have found a powerful alignment in what we believe to be the core ingredients in investments, business and what matters most in life. We share important core values and a passion for the pursuit and sharing of knowledge.

    In early 2015, I took a year to visit many people in my global network, re-read the investment journals I had kept since 1996, re-read many articles and books in my library and objectively case study every investment and business decision I had made in my career. It was humbling and valuable. I gained a deeper understanding of my own decision-making processes: in investing, in business and in life.

    I also learned the value of working without distractions in an inspiring environment filled only with professionals that I like, respect and admire for their ability to think and act independently and freely speak their minds in pursuit of a shared purpose without conflicting interests. This learning formed the blueprint for the design of Perspective.

    As an investor, I further distilled an investment approach of thinking as a sensible business person would on a contrarian and truly long-term basis. Being grounded in this mindset led to cutting away the remaining noise. The deep truth is that only a few things really matter. It is extremely productive to focus time and energy solving only for those.

    Our founders made a conscious choice to build Perspective in South Africa. Our country needs many things, but most of all to create sustainable jobs, preserve and share knowledge. The more real value we can deliver, the more we may be able to influence and inspire others to do the same.

    Breathing life into a bold new venture in a highly regulated, complex and competitive industry in South Africa was not easy, simple or quick. We could not sustain this without the committed support of every one of our incredible team members, families, investors and all our other stakeholders. Thank you so much.

    Our work and our story continues...

  • Who Owns Perspective?

    Founder Shareholders: Daniel Malan, Sean Neethling & Jean-Marie Eveillard.

    Our firm is structured to forever remain independently owner-managed by current and future generations of its people.

  • Our People
    John Rainier

    John Rainier

    Chairman (Independent, Non-Executive)

    John Rainier

    John has 30 years’ investment industry experience, specialising in general property investment and management. He served as the Managing Director and later as a Non-Executive Director of JSE listed Allan Gray Property Trust* from 1996-2013.

    * Later renamed Fountainhead Property Trust before merging with Redefine Properties in 2015.

    Jean-Marie Eveillard

    Jean-Marie Eveillard

    Shareholder

    Jean-Marie Eveillard

    Jean-Marie has over 50 years of investment experience. In 2003 he received a Lifetime Achievement Award from Morningstar for building one of the most successful long-term records in the global investment business. Jean-Marie serves as a board trustee to First Eagle Funds in New York. He is an external shareholder and patron of our firm with no operational or executive responsibilities.

    Daniel Malan

    Daniel Malan

    Analyst, Portfolio Manager, Chief Investment Officer & Managing Director

    Daniel Malan

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    Sean Neethling

    Sean Neethling

    Analyst, Portfolio Manager & Executive Director

    Sean Neethling

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    Khangelani Ncalu

    Khangelani Ncalu

    Office Administration

    Khangelani Ncalu

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    Mikael Liefferink

    Mikael Liefferink

    Analyst

    Mikael Liefferink

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    Beryl Truter

    Beryl Truter

    Head of Operations

    Beryl Truter

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    Gavin van der Berg

    Gavin van der Berg

    Operations & Research

    Gavin van der Berg

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  • How Your Money is Kept Safe

    Perspective never directly handles any investors' cash; your money can only be transferred directly into our fund administration providers' inflow bank accounts. From there, and only on your verified instruction, it can only be transferred directly into your own name bank account - without exception.

    All our systems and processes are fully recoverable at short notice with minimal disruption in the hopefully unlikely event of a disaster at our physical premises.

    We only work with top business partners who are independent of us with high standards of business risk management and that maintain comprehensive insurance cover; Our business partners include Nedbank (banking), PKF (audit), Prescient Fund Services (fund administration), Camargue / Lloyds (insurance), Old Mutual (fund administration), Avior (broker), SA Stockbrokers (broker) & Compliserve (compliance).

    Perspective Investment Management (Pty) Ltd is a formally registered company in compliance with the Companies Act of South Africa, including independently audited annual financial statements submitted to our regulatory authorities. Our shareholders agreement is fully empowered by our Memorandum of Incorporation.

    Our regular board meetings are chaired by an independent non-executive Chairman and attended on standing invitation by our independent audit partner & compliance officer.

    Our two executive directors are registered Key Individuals and Representatives in good standing with the FSCA. They respectively have 24 and 17 years of industry experience, covering every aspect of an investment management firm.

    Our firm operates on a strict zero conflicts of interest basis with our investors and all other stakeholders. We co-invest alongside our investors with no side-pocket portfolios or interests allowed.

    Our firm maintains sufficient professional indemnity insurance cover at all times, as per our regulatory license conditions.

    We fully ascribe to and comply with the CFA Institute Code of Ethics and Standards of Professional Conduct.

    Our operating license to provide financial services to the public was issued by the FSCA (Financial Services Conduct Authority of South Africa) in February 2017. We are regularly assessed formally by independent parties for compliance with our operating license conditions.

    Our industry and our firm are highly regulated by various regulatory bodies and legislation; including the FSCA, the Johannesburg Stock Exchange, CISCA (governing Unit Trusts), Regulation 28 (governing Pension Funds) and POPI (governing Protection of Personal Information).

  • How We Invest

    Our commitment to our investors is to only invest in assets that we can understand, that are owned and led by trustworthy, credible people, when they are safe and when we can pay a price well below what they are worth.

    We are long-term investors and we aim to own assets for 5 to 10 years or longer.

    We operate independently by doing our own research and by forming and backing our own investment conclusions, with no regard for comparisons to the positioning of our peers.

    Our internal research is supported and challenged by networking extensively with external stakeholders.

    Our buy discipline is value-based, because we prefer paying as cheap a price as possible.

    Our ownership- and sell-discipline is growth-based, because as long-term investors we prefer investing in assets with attractive long-term growth dynamics.

    We build our portfolios with no regard for index constituents. Our sole investment objective is to deliver positive long-term investment returns after all costs.

    We maintain sufficiently diversified and highly liquid portfolios at all times.

    Staying under the radar allows us to invest in the widest possible investment universe, transact our positions quickly and with no or minimal market impact, and change a position if we change our minds when the facts change.

    We communicate in a no-nonsense, straightforward manner, without using industry jargon or lengthy prose.

    We keep and drive direct and indirect investor total costs down.

    All of our own and our family's savings are invested in our funds alongside our investors, with no fee discounts.

  • Investment Options

Invest with us, or contact us for more information.

Bespoke Portfolios

We build and manage uniquely customised portfolios for qualifying investors mandated to suit your investment objectives; provided it fits within our long-term investment approach.

We draw from our same rigorous research and portfolio management approach over multiple asset classes and geographies.

The portfolio assets is held in your own name.

We only work with carefully selected top investment administration business partners that are reputable, experienced, scale and low-cost.

We deliver highly competitive costs, a quality personal service level experience and full transparency with no fine print hidden costs & restrictions.

If you are interested in our Bespoke Portfolios, please send us your details and we will contact you.

Perspective Balanced Prescient Fund

Download application forms, or e-mail us at info@perspectiveim.co.za to help you invest in our Balanced Fund.

Contact Us

Unit 22, Victoria Junction, Prestwich Street, Cape Town 8001, South Africa

If you are driving a vehicle, please enter through Gate 5 from Prestwich Street (opposite Beluga restaurant / The Foundry).

If you are arriving on foot, please go to Gate 4 and press the “Perspective” button on the doorbell.