The firm was founded as in 2003 as Visio Capital Management( “VCM”). In 2014 , Visio Fund Management( “VFM”) was created as a wholly-owned subsidiary of VCM. It was created as an operating company to house local long-only equity mandates. VFM sold a minority investment to a strategic partner, Royal Investment Managers (“RIM”) in April 2019. Amongst one the objectives was to improve its diversity ownership (Broad-Based Black Economic Empowerment). RIM is a joint venture between Royal Bafokeng Holdings and RMI Investment Managers Group (a subsidiary of Rand Merchant Investments Holdings). Visio has offices in Johannesburg and Cape Town and a presence in London, UK.
Visio has grown from an equity hedge fund manager and owes its heritage and DNA to these alternative strategies but has over the years evolved into a diversified investment business. The firm that manages c. R38.6bn on behalf of its clients across different strategies namely, long only equity funds (local and Africa), multi-asset strategies including both flexible and high equity balanced funds (domestic and global), fixed income fund (currently an unconstrained bond fund), property and Shari’ah Equity. The firm’s alternative investment mandates consist of equity long/short hedge funds (ZAR & USD).
Our clients are primarily institutional in nature, constituting in excess of 95% of the firm’s assets under management. Visio’s client profile includes pension and retirement funds, multi-managers, universities, insurers and sovereign wealth funds
History of the firm
Today the firm primarily manages segregated long-only South African equity mandates. The company launched its first long-only multi-asset fund in 2004, and the first segregated pension fund mandate in 2007. The firm also encompassed Pan-African funds through an affiliate company, Gondo Visio Capital Management (Pty) Limited (established in 2008), under which the Africa mandates were managed. At the conclusion of the transaction with RIM, Gondo Visio Capital Management (Pty) Limited was merged into Visio Fund Management.
Visio’s funds under management consist of segregated long-only SA equity mandates, SA multi-asset flex funds, retail unit trusts, a fixed interest fund (unconstrained bond fund), equity long/short hedge funds, balanced funds, Shari’ah mandates, property funds and Pan-African equity funds. Visio hired two experienced fixed income capabilities in 2019 which has allowed the firm to launch a balanced funds.
Client Profile
The firm has both a local and offshore client base. The client profile includes pension and provident funds, endowments, insurers , family offices, retail investors and sovereign wealth funds. Thus, a significant proportion (in excess of 95%) of the firm’s clients are institutional in nature.