Visio In Brief

Founded by Patrice Moyal in 2003, VISIO is an investment management firm with offices in Johannesburg and Cape Town, South Africa. We manage approximately R21.5 billion on behalf of a diverse client base that includes pension funds, family offices, sovereign wealth funds and retail investors.

Our investment capabilities span long-only equities, multi-asset portfolios, hedge funds, global markets, fixed income and Shari'ah. VISIO is a Level 2 B-BBEE contributor.

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VISIO was founded in 2003 as Visio Capital Management (VCM). In 2014, Visio Fund Management (VFM) was established as a wholly owned subsidiary of VCM to house the firm’s South African long-only equity mandates.

In April 2019, Royal Investment Managers (RIM) acquired a minority interest in VFM. The partnership supported, among other strategic objectives, the firm’s commitment to broadening its ownership and advancing transformation. RIM is a joint venture between Royal Bafokeng Holdings and the Investment Managers Group.

Headquartered in Johannesburg, VISIO also has an office in Cape Town, with an international presence in Tel Aviv and Sydney.

VISIO began as an equity hedge fund manager, and this alternative investment heritage remains central to the firm’s investment DNA. Over time, however, the business has evolved into a diversified investment manager with capabilities spanning long-only equities, multi-asset portfolios, fixed income, Shari’ah equity and alternative investments.

The firm manages approximately R21.5 billion across a range of strategies. These include South African and African long-only equity funds; domestic and global multi-asset strategies, including flexible and high-equity balanced funds; fixed income; Shari’ah equity; and rand- and US dollar-denominated long/short equity hedge funds.

VISIO’s clients are primarily institutional investors and include pension and retirement funds, multi-managers, universities, insurers and sovereign wealth funds.

History of the firm

VISIO launched its first long-only multi-asset fund in 2004 and secured its first segregated pension fund mandate in 2007.

In 2008, the firm expanded its investment capabilities into Pan-African markets through its affiliate, Gondo Visio Capital Management (Pty) Limited, under which its African mandates were managed. Following the conclusion of the RIM transaction in 2019, Gondo Visio Capital Management was merged into Visio Fund Management.

Also in 2019, VISIO appointed an experienced fixed income team. This broadened the firm’s investment capabilities and enabled it to expand into balanced fund strategies.

Today, VISIO manages a diverse range of portfolios, including segregated South African equity mandates, South African flexible multi-asset funds, retail unit trusts, fixed income strategies, long/short equity hedge funds, balanced funds, Shari’ah mandates and Pan-African equity funds.

Client Profile

VISIO serves a diverse local and international client base, including pension and provident funds, endowments, insurers, family offices, retail investors and sovereign wealth funds.

Visio Fund Timeline

Filter By All Funds Long Only Hedge
  • 2003

    Visio II

    SA Equity Long/short

    Jan 2003
  • 2004

    Actinio UT

    SA Multi-Asset Flexible

    Jan 2004
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  • 2006

    Visio Market Neutral

    Low Net

    Jan 2006
  • 2009

    Occasio

    SA Equity Long/short

    Jan 2009
  • 2016

    Unconstrained Fixed Interest Fund

    Multi Asset Income

    Jan 2016
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  • 2017

    Capped Swix Unit Trust

    General Equity

    Jan 2017
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  • 2017

    SA Equity Unit Trust

    General Equity

    Jan 2017
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  • 2018

    BCI Shari’ah Equity Fund

    General Equity

    Jan 2018
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  • 2020

    SA Balanced Fund

    Global Property

    Jan 2020
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  • 2020

    Balanced Fund

    Multi Asset High Equity

    Jan 2020
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  • 2021

    Bond Fund

    Interest Bearing Variable Term

    Jan 2021
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  • 2021

    Visio BC SA Opportunities Fund

    SA Equity SA General

    Jan 2021
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  • 2022

    Visio FR Global Equity Fund

    Global Equity General

    Jan 2022
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Our Mission & Values

Our mission is to deliver superior risk-adjusted returns for our clients while maintaining a disciplined focus on capital preservation and downside protection.

  • Vision

    Vision

  • Integrity

    Integrity

  • Social Awareness

    Social Awareness

  • Innovation

    Innovation

  • Ownership

    Ownership

Investment Philosophy

Since our founding in 2003, VISIO’s investment philosophy has been firmly rooted in fundamental analysis. We follow a disciplined, bottom-up approach while remaining mindful of the broader economic and market environment. This philosophy provides a consistent foundation across all our investment strategies.

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Bottom up and sector or theme specific, with a top down macro overlay

While global and domestic macroeconomic factors can materially affect a company’s performance and outlook, our primary focus remains on understanding the underlying business.

We seek companies with strong balance sheets, sustainable cash flows and capable management teams that can navigate challenging economic conditions. Because every business is influenced by its own set of factors, investment decisions are supported by in-depth research and analysis. This includes regular engagement with management teams, site visits, broker research and company presentations, with our investment team spending considerable time on the ground.

We pay particular attention to companies that are under-researched, receive limited coverage from sell-side analysts or have fallen out of favour with the broader investment community. Quantitative techniques and technical analysis play a supporting, rather than central, role in the development of our investment strategies.

Our research extends beyond listed companies. We continually broaden our industry knowledge and network through engagement with unlisted businesses that may be suppliers, customers, trading partners or competitors of the listed companies we assess. This wider perspective helps us build a more complete understanding of each company and the environment in which it operates.

Our strength lies in combining research and analysis to identify medium- to long-term investment opportunities. We maintain proprietary financial models for most of the listed companies within our investment universe. These models are reviewed and refined regularly and serve as key inputs into our investment decision-making process.

Our investment universe spans a wide range of industries, market capitalisations and financial instruments. In addition to listed equities, it includes listed commodity ETFs, fixed income instruments, corporate debt, index futures and listed options.

Our long-term investment horizon generally results in low portfolio turnover. Where our research identifies sufficient conviction, portfolios may accumulate meaningful shareholdings in individual companies or hold material exposure to particular sectors.

Our investment philosophy has remained consistent since the firm’s inception, while the supporting process has continued to evolve. This includes strengthening our assessment of environmental, social and governance factors as their relevance to long-term investment outcomes has increased.

As part of this evolution, we introduced our Risk Assessment Protocol, known as RAP Sheets. This additional research screen enables us to assess and score the qualitative factors that may influence a company’s resilience, governance and long-term prospects.

Investment Process

As bottom-up stock pickers, we have a natural bias towards value, but our process is not limited to traditional value investing. We remain mindful of the macroeconomic environment and seek both growth and value opportunities across sectors and market capitalisations. Our aim is to construct robust portfolios capable of navigating a range of market conditions.

VISIO has a flat investment structure in which every team member is encouraged to think like a portfolio manager. Investment ideas and portfolio positioning can originate from anyone within the team. We assess opportunities across a company’s capital structure, whether through a long or short equity position or an investment in its debt.

Our 14 investment professionals bring complementary skills and perspectives to a team-based, consensus-driven decision-making process.

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The team conducts extensive research through regular engagement with company management, site visits, industry analysis, and broker and company presentations. We pay particular attention to companies that are under-researched, receive limited sell-side coverage or have fallen out of favour with the broader investment community.

Our research also extends to companies operating in related sectors, allowing us to draw comparisons and test our understanding of the businesses under review. Where appropriate, we engage directly with company boards through formal written communication. This active ownership is focused on strengthening governance, improving the alignment of interests and unlocking long-term value for shareholders. Each year, the team undertakes more than 1,200 company-related research engagements.

Companies with attractive forward-looking valuations and strong growth prospects are assessed against our core investment criteria. These include balance-sheet strength, sustainable free cash flow, sound corporate governance and capable management.

We maintain proprietary financial models for most listed companies within our investment universe. These models are continually updated and refined, forming the backbone of our investment decision-making process. Broker research is used selectively as a supplementary input.

We tend to manage highly concentrated portfolios versus benchmarks, we focus on including companies in which we have high conviction.

We follow a disciplined exit process and will not hesitate to sell a position when its price target is reached or the original investment thesis is compromised. We may also exit where our review indicates insufficient additional upside or where more attractive opportunities are identified elsewhere.

The VISIO Difference

Jonathan Myerson > Head of Fixed Income & Multi-Asset

The VISIO difference is not a single strategy but a way of thinking; independent in thought, rigorous in research and willing to look beyond the ordinary to protect and grow capital.

Visio Difference

VISIO’s competitive advantage lies in the team’s willingness to look beyond the ordinary. We seek opportunities that may be overlooked by the broader market and delve deeply into companies to identify where unrealised value may exist.

This may include active engagement with company boards to encourage the unlocking of long-term shareholder value. Our active ownership approach places particular emphasis on environmental, social and governance considerations.

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Our strength lies in our ability to connect the insights gathered through our research and engagement to identify medium- to long-term investment opportunities. We maintain proprietary financial models for most listed companies within our investment universe, providing an independent foundation for our investment decisions.

Diverse team skills

The team brings together diverse experience spanning asset management, hedge funds, engineering and corporate finance. This combination of skills enables us to apply different perspectives and approaches to investment analysis and decision-making.

Capital preservation mindset

We do not construct portfolios simply to mirror a benchmark. Instead, we favour concentrated portfolios built around our highest-conviction investment ideas.

Reflecting VISIO’s hedge fund heritage and historical absolute-return focus, capital preservation remains central to our investment philosophy. Our concentrated approach has historically demonstrated resilience during declining markets across both absolute-return and benchmark-aware portfolios.

In-depth research

Our stable and experienced team comprises investment generalists who bring a broad perspective across companies and sectors. As fundamental investors, we conduct extensive research into potential investments, as well as their competitors, suppliers and customers, to develop a holistic understanding of each business and the environment in which it operates.

Our hedge fund heritage reinforces an absolute-return mindset and an independent approach to investing. We aim to limit unnecessary correlation with the broader market and avoid popular or consensus positions where our research does not support the prevailing view.

Visio Team

VISIO’s culture is built on a shared passion for markets and investing. We encourage curiosity, initiative and independent thinking across the firm, with team members expected to take ownership of both their research and decisions.

Members of the team are also co-invested in certain VISIO funds, aligning their interests with those of our clients.

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From the outset, our investment professionals are encouraged to adopt a portfolio manager mindset. Rather than operating as siloed analysts focused on a narrow selection of companies or sectors, they are expected to consider investment opportunities within the context of the broader portfolio and its risks.

Our generalist approach develops the ability to assess why one company or sector should be held in preference to another. It encourages team members to think critically about portfolio construction, risk and opportunity from the beginning of their careers at VISIO.

We operate with a flat structure and a strong culture of ownership. Every team member is encouraged to contribute ideas, and different perspectives are considered throughout the investment process. We value an entrepreneurial, flexible, proactive and performance-driven approach, which is reinforced by the example set by senior members of the team.

Our investment professionals come from varied disciplines, including engineering, accounting and mathematics. These different backgrounds contribute distinct perspectives to our research and decision-making. The team is also culturally and linguistically diverse, with nine languages spoken across the business.

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Equity & Hedge Investment Team Fixed Income Investment Team Africa Investment Team Operations & Fund Admin Team

  • Patrice Moyal

    Director & Co-CIO (Global)

    Patrice Moyal

    Director & Co-CIO (Global)

    CA (SA)

    Patrice founded VISIO Capital in June 2003. Patrice was previously the head of Corpcapital Bank’s hedge fund operation, where he managed the group’s hedge fund from January 2001 to May 2003. Prior to this Patrice was employed by Peregrine Capital as a director and fund manager, a position he held from mid-1998 until December 2000.

    After completing his accounting articles, Patrice joined Mercantile Bank in 1995 and attained the position of senior manager of finance and administration, Retail Banking. Two years later he joined Liberty Asset Management (LIBAM) as a research analyst and assistant fund manager, until mid-1998.

    https://www.linkedin.com/in/patrice-moyal-ca-sa-4a2947225/

  • Ofri Kahlon

    Co-CIO (Local Equity & Hedge Funds)

    Ofri Kahlon

    Co-CIO (Local Equity & Hedge Funds)

    MMORSE

    Ofri joined the VISIO Capital team in June 2006.

    Ofri has a Master's in Mathematics, Operational Research, Statistics, & Economics from Warwick University in the UK. After living in the UK for four years, Ofri returned to South Africa in 2005. He was employed at the British International School as an A-level lecturer of physics, mathematics and further mathematics.

    https://www.linkedin.com/in/ofri-kahlon/

  • Douglas Wallace

    Senior Portfolio Manager (Global Equities)

    Douglas Wallace

    Senior Portfolio Manager (Global Equities)

    CA (SA), CFA, ACA

    Douglas joined VISIO Capital in June 2006. Prior to this, he was involved in various corporate finance roles where he developed a passion for equity capital markets.

    Douglas joined KPMG in 1996 where he qualified as a chartered accountant and then spent an additional year as a manager in the firm’s corporate finance division where he was involved in due diligence and valuations.

    In June 2000 he joined JP Morgan Cazenove’s corporate finance team where he was involved in numerous M&A and capital markets transactions. In 2001 he transferred to the firm's London office for a year as part of its UK retail and beverages team, returning to the South African team in 2002. In 2003 Douglas attained the CFA designation.

    In February 2004, Douglas joined UBS Investment Bank, where he held the position of associate director in the corporate finance division. At UBS, he was involved in numerous South African M&A and capital markets transactions as well as cross border transactions

    https://www.linkedin.com/in/douglasbwallace

  • Jonathan Myerson

    Head of Fixed Income & Multi-Asset

    Jonathan Myerson

    Head of Fixed Income & Multi-Asset

    M.Soc.Sc , (Econ.)

    Prior to joining VISIO Jonathan was head of Fixed Interest at Granate Asset Management from December 2015 to June 2019. He also served as the Head of the Fixed Interest team at Cadiz Asset Management from 2006 to 2015 where he managed the Unconstrained, House View and Inflation-Linked Bond funds. Jonathan has 11 years of sell-side experience having worked as a Fixed Interest Strategist at HSBC from 1995 to 2003 and then at RMB from 2003 to 2006.

    http://linkedin.com/in/jonathan-myerson-61332313

  • Sindiso Mujaji

    Head of Research & Senior Portfolio Manager (Africa)

    Sindiso Mujaji

    Head of Research & Senior Portfolio Manager (Africa)

    B.Bus.Sci (Hons), CFA; Oxford MBA (Distinction)

    Prior to joining Gondo VISIO in 2015, Sindiso was involved in the execution of private equity transactions in a number of countries across the African continent.

    He joined Phatisa Fund Managers, a pan African private equity fund management firm, as an analyst in 2011. During his time there he rose to the position of Deal Principal.

    Sindiso spent 2008 to 2010 employed as an analyst at Liquid Africa, a corporate finance and advisory services boutique. During his time at Liquid Africa, Sindiso worked on various advisory mandates across multiple sectors and was involved in facilitating transactions on a pan African basis.

    Sindiso holds a Bachelor of Business Science (Hons) from the University of Cape Town and is a CFA Charterholder.

    https://www.linkedin.com/in/sindisomujaji/

  • David Talpert

    Portfolio Manager (Local Equities)

    David Talpert

    Portfolio Manager (Local Equities)

    CA (SA), CFA

    David joined Visio in June 2021. After studying at Wits University, David completed Articles at EY in the financial services division.
    He began his investment career as a sell-side analyst at Avior Capital Markets where he achieved top rankings as a General Financials and Banks analyst.

    https://www.linkedin.com/in/david-talpert-ca-sa-cfa-76255a34/

  • Vizikhungo Mpono

    Portfolio Manager (Local Equities)

    Vizikhungo Mpono

    Portfolio Manager (Local Equities)

    CA (SA)

    Vizikhungo joined VISIO in July 2021. Prior to this, he was an equity analyst at PSG Asset Management covering local and international companies across various sectors.

    He completed a PGDA at Monash University after having completed a BCom Accounting Sciences degree at the University of Pretoria. He completed his articles at PwC in the Financial Services, Insurance and Investment Management (FSIIM) department.

  • Gari Chigwedere

    Senior Equity Analyst (Africa)

    Gari Chigwedere

    Senior Equity Analyst (Africa)

    BSc (Economics); Hons (Financial Analysis and Portfolio Management)

    Gari Chigwedere joined VISIO in April 2026 as a Senior Equity Analyst, focusing on Africa ex-South Africa coverage.

    Gari brings nearly a decade of investment research experience across African, South African, and global equity markets. He has particular expertise in financials and telecommunications, along with broader sector coverage spanning consumer, retail, construction, and industrials. Prior to joining Visio, he was a Senior Analyst at Rezco Asset Management, where he covered global and South African equities. Before that, he spent several years at Avior Capital Markets, where he became a lead analyst covering Africa ex-South Africa equities and South African construction companies, earning recognition as a Financial Mail-rated analyst.

    At VISIO, he will support the Africa ex-South Africa investment strategy through fundamental company research, financial modelling, idea generation, and the ongoing development of proprietary research and portfolio management tools that support the investment process.

    https://www.linkedin.com/in/gari-chigwedere-7a5962142/

  • Yaakov Goldfein

    Analyst

    Yaakov Goldfein

    Analyst

    BSc in Applied Mathematics and Computer Science

    Yaakov joined VISIO as an equity analyst in December 2024.

    Prior to joining VISIO, Yaakov honed his skills in various roles, including working as a consultant at The Choice Architects for over 5 years, where he specialised in strategy and behavioural economics and consulted to several JSE-listed companies.

    He helped establish MI Capital, where he was responsible for setting the strategy, finding and analysing investment opportunities, and managing investments.

    https://www.linkedin.com/in/yaakov-goldfein-4349a6116/

  • Seipati Rakgoale

    Analyst

    Seipati Rakgoale

    Analyst

    B.Com (Investment Management)

    Seipati joined VISIO in July 2026 as an Analyst.

    Prior to joining VISIO, she was an Equity Analyst at Fairtree Asset Management, where she conducted fundamental research on global equities across a range of sectors, with a particular focus on retailers, emerging-market financials, and industrial companies.

    She began her career in the Corporate Finance Graduate Programme at Sasfin Bank before transitioning into equity research. Seipati has five years of experience analysing global companies and contributing to investment decision-making through rigorous fundamental research.

    She holds a BCom in Investment Management from the University of Pretoria.

    https://www.linkedin.com/in/seipati-rakgoale-242280142/

  • Bakang Ndala

    Junior Analyst

    Bakang Ndala

    Junior Analyst

    BCom Finance, Post-Graduate Diploma: Financial Markets

    Bakang joined VISIO in August 2025.

    Prior to this, Bakang was at NFB Private Wealth Management. She has also gained value experience at Intellidex, Santam and African Bank.

    Bakang started her career at Roxburgh Trust Financial Planning via an ASISA intern programme. She is also a CFA candidate.

    https://www.linkedin.com/in/bakang-n-118911262/

  • Corinne Cordier

    Fixed Income Analyst

    Corinne Cordier

    Fixed Income Analyst

    BCom Honours Mathematical Sciences, Financial Risk Management

    Corinne joined VISIO in April 2024 as an analyst within the fixed income and multi-asset investment teams.

    Prior to joining VISIO, Corinne gained experience at Prescient Securities and Southchester Investment Managers.

    She holds a Bachelor of Commerce Honours degree in Mathematical Sciences with a specialisation in Financial Risk Management from Stellenbosch University.


    https://www.linkedin.com/in/corinne-cordier-85ba57199/

  • Siphokuhle Zwane

    Fixed Income Analyst

    Siphokuhle Zwane

    Fixed Income Analyst

    BCom (Hons); CFA; FRM

    Siphokuhle joined VISIO in 2026 as an analyst across Fixed Income, Credit and Multi Asset.
    Prior to joining Visio, he served as Quantitative Analyst at Prescient Investment Managers.

    Siphokuhle started his career at S&P Global as an Analyst and spent two years at Mergence Investment Managers as an Investment Risk and Analytics Analyst.

    He holds a BCom (Hons) in Financial Analysis and Portfolio Management from UCT and is a CFA and FRM charterholder.

    https://www.linkedin.com/in/siphokuhlezwane/

  • Shae van Rooyen

    Junior Fixed Income Analyst

    Shae van Rooyen

    Junior Fixed Income Analyst

    BCom (Hons) (Financial Analysis)

    Shae joined VISIO in January 2026.
    Prior to joining VISIO, she was studying at Stellenbosch University where she earned a BCom (Hons) (cum laude) in Financial Analysis.

    https://www.linkedin.com/in/shae-van-rooyen-605785226/

  • Lance Hunter

    Chief Operating Officer

    Lance Hunter

    Chief Operating Officer

    CA (SA)

    Lance joined VISIO in August 2024

    Prior to this, he has held financial manager roles over a period of 9 years across large and small corporates gaining an in depth and hands on understanding of finance and compliance matters.

    With his engineering background, Lance focuses on adding a unique perspective on all things financial and developing solutions and processes within VISIO to assist with execution.

    https://www.linkedin.com/in/lance-hunter-ca-sa-5874a99a/

  • Kyle McMahon

    Head of Risk, Fund Compliance & AI Initiatives

    Kyle McMahon

    Head of Risk, Fund Compliance & AI Initiatives

    BSc Chemical Engineering (Hons), Masters (Engineering)

    Kyle joined VISIO in 2019. Prior to this, he spent two years at Allan Gray as a business analyst in the product development team after completing his masters' degree at the University of the Witwatersrand.

    https://www.linkedin.com/in/kylechasemcmahon/

  • Lindiwe Montshiwagae

    Senior Business Development Executive

    Lindiwe Montshiwagae

    Senior Business Development Executive

    BCompt(Hons); MCom; EMBA

    Lindiwe joined VISIO in February 2026. Prior to this, she spent 13 years at Royal Bafokeng Platinum and served as a member of their executive committee for 7 years.

    Lindiwe is an accomplished executive with over 30 years of experience spanning mining, banking, and auditing and brings a strong background in investor relations, stakeholder engagement, strategy and ESG.

    She holds a BCompt(Hons), an MCom in Financial Management and an Executive MBA from BI Norwegian Business School in Norway.

    https://www.linkedin.com/in/lindiwe-montshiwagae-emba-7a585b5b/

  • Vulani Mampane

    Client Services Executive

    Vulani Mampane

    Client Services Executive

    BBusScFinance (Hons); Mdev.Finance

    Vulani joined VISIO in June 2022.

    Prior to this, she spent 6 years as a senior wealth manager at Standard Bank. She gained further experience in the Absa and Deutsche Bank Global Prime Services Teams where she developed and managed relationships with clients in hedge funds, providing real time reporting, trading, securities lending and margin management.

    Vulani completed her Bachelor of Business Science (Hons) in Finance and Management Information Systems at Drexel University, Philadelphia (USA) in 2003 and completed her Masters in Development Finance from Stellenbosch University.

    https://www.linkedin.com/in/vulani-mampane-18466139/

  • Althea Modiselle

    Director & Head of Administration

    Althea Modiselle

    Director & Head of Administration

    JSE Settlement Officer Certificate, PGDip in Islamic Finance and Banking

    Althea joined VISIO in October 2013. Prior to joining, Althea was at Credit Suisse for two years where she was Head of Trade Support and Middle Office. She held a similar role at Investec for the six years before that.

    Althea began her career at SARS where she spent six years in Internal Audit, followed by three years at Standard Bank in Administration. In 2000, Althea moved to Corpcapital where she worked in middle office, following which she joined Cazenove (later taken over by JP Morgan) in a middle office / trade support role.

    https://www.linkedin.com/in/althea-modiselle-59a438258/

  • Sharon Buis

    Senior Fund Administration Specialist

    Sharon Buis

    Senior Fund Administration Specialist

    JSE Equities and Cash Bond Settlement Certificates

    Sharon joined the VISIO Administration Team in November 2022 enhancing the team with her vast market experience.

    She started her career at Standard Trust Ltd in 1986 and then moved to BoE Stockbrokers. In 1998 she joined SG Securities, then moved to PSG Konsult for two years and eventually Macquarie Securities for 12 years as part of the settlements team. Prior to joining, Sharon was at JP Morgan as part of the fixed income settlements team.

    https://www.linkedin.com/in/sharon-buis-b15933258/

  • Jason Gunn

    Fund Accountant

    Jason Gunn

    Fund Accountant

    BTech – Electrical Engineering (2005), BCompt – Accounting (2011), PGD – Higher Education (2012)

    Jason joined Visio as Fund Accountant in June of 2011. Before joining, he was employed and owned an accounting practice, MYNT Partners CC, where he managed several accounts over various sectors and industries. Jason chose to focus more attention on the financial services sector, and hence joined on a more full time basis with Visio.

    During Jason’s stay within Visio, Jason has gained a vast amount of knowledge centred around the accounting function within a financial services business. Jason has also assisted numerous other clients within this sector, thus expanding his knowledge even further. Jason also manages the transformation (B-BBEE) section within VFM, and has a vast knowledge of Visio’s sector within the B-BBEE space.

    Jason, in a part-time capacity, lectured Accounting and Quantitate Mathematics at various universities within the Johannesburg area for the greater part of 10 years, and has a great passion for Education within Visio’s industry.


    https://www.linkedin.com/in/jason-gunn-4a858467/

Risk Management

We define investment risk as the permanent loss of client capital. Risk management is therefore integral to our portfolio construction process.
Each portfolio is constructed within a clearly defined risk framework that reflects its performance and risk objectives, investment mandate and applicable regulatory requirements.

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Risk management begins with the fundamental analysis of every company considered for inclusion in a portfolio. The risk-and-return characteristics of each position inform our level of conviction and, ultimately, its position size. Within the prescribed exposure limits, these positions collectively determine the portfolio’s gross and net exposures across companies and sectors.

We use a model portfolio framework to express our preferred exposure to particular companies, sectors and investment themes. These views are applied consistently across relevant portfolios, subject to the specific constraints of each mandate.

Individual portfolios may therefore differ from the model portfolio where mandate restrictions limit how an investment view can be expressed. Liquidity requirements and counterparty considerations may also result in variations.

We monitor the following risks on an ongoing basis:

  • Investment risk

    Investment risk

  • Portfolio Risk

    Portfolio Risk

  • Mandate-specific risk

    Mandate-specific risk

  • Benchmark risk

    Benchmark risk

  • Liquidity risk

    Liquidity risk

Our company specific risk management process is focused on the following four steps:

  • 1

    Identify the specific risks to the business

  • 2

    Analyse and evaluate risks identified

  • 3

    Manage the risks

  • 4

    Monitor and review the risks

Our Funds

VISIO’s funds seek to generate positive returns on invested capital across market cycles. Our equity portfolios are generally net long, with derivatives used selectively. Portfolio turnover is typically low, reflecting our long-term investment approach, with an average holding period of more than 12 months.

Responsible Investing

We view environmental, social and governance (ESG) considerations as integral to our investment philosophy and process. We recognise that sustainability and long-term business viability are closely connected and can materially influence investment outcomes.

VISIO has been a signatory to the United Nations-supported Principles for Responsible Investment (PRI) in its current capacity since July 2012, building on an original signatory relationship dating back to November 2007.

The firm also endorses the principles of the Code for Responsible Investing in South Africa (CRISA), as reflected in our Responsible Investment Policy.

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Integral part of investment process

The entire investment team contributes ideas to strengthen the integration of ESG considerations into our investment process. We also use a proprietary ESG assessment system to support our research and decision-making.

Penalties for non-compliance

We recognise that companies with weak governance or unsustainable environmental and social practices may face significant financial and operational consequences. These can include regulatory fines, additional taxes, share price underperformance and, in severe cases, the failure of the business.

Company engagement on ESG

Engaging with companies on areas of concern has always been central to VISIO’s investment process. Historically, our engagement has focused primarily on governance, where we believe we have the experience to make constructive recommendations. However, we continue to engage on a broad range of environmental, social and governance matters.

Where we identify meaningful ESG risks that cannot be adequately addressed or mitigated, we may choose not to invest.

Social Investments

VISIO is committed to supporting social initiatives that create meaningful socioeconomic impact in underserved communities across South Africa.

View all our community projects

African Art

African Art

Art is educational, life-enhancing and helps to define personal and national identities.
VISIO is proud to support up and coming artists from across the African continent.

View the collection