Laurium Flexible Prescient Fund

With an excellent 8 year track record on the flagship Laurium Long Short Fund, and wealth of experience in investing in the South African market, Laurium Capital launched a unit trust on 1 February 2013. Clients can now access the team’s skills in relative value stock selection, disciplined portfolio construction and risk management, to achieve superior risk adjusted returns over time in a FSB registered and regulated unit trust fund.

Fund Details

The Laurium Flexible Prescient Fund is a Domestic -Multi Asset-Flexible unit trust, which means the fund has a high degree of flexibility but must invest a minimum of 70% of its assets in South Africa and a maximum of 25% in Global assets and 5% in African assets. Investable assets include: equity; fixed interest; listed property and money market instruments.

The Laurium Flexible Prescient Fund will have a primary investment objective of long-term capital growth. The Fund’s investment objective is to achieve a return of at least 5% above CPI, measured over rolling 3 year periods.

Investment Approach

The Fund will invest in a flexible combination of investments in the equity, bond, money and property markets with a bias towards JSE Stock Exchange listed equities. The fund uses fundamental bottom-up research, with a value bias, to generate a concentrated portfolio with high conviction ideas with a focus on stock picking.

Management Company

Prescient Management Company (Pty) Ltd

Fund Managers

Gavin Vorwerg & Murray Winckler

Benchmark

CPI + 5

Inception Date

1 February 2013

Minimum Investment

R50 000 Lump sum, R2000 per month

Annual Management fee (Excl. VAT)

1.0%

Annual Performance fee (Excl. VAT)

10% in excess of CPI + 5

Laurium Balanced Prescient Fund

The Laurium Balanced Prescient Fund is similar to the Laurium Flexible Prescient Fund, except that equity exposure will be limited to 75% in line with Regulation 28 of the Pension Funds Act.

Fund Details

The Laurium Balanced Prescient Fund aims to deliver long-term capital growth over time for investors through investing in a broad range of asset classes in a balanced manner. The fund complies with Regulation 28 of the Pension Funds Act.

Investment Approach

The fund invests in a diversified range of local and foreign asset classes. These asset classes include a combination of investments in the equity, fixed interest, bond, money and property markets. The fund uses fundamental bottom-up research, with a value bias, to generate a moderately conservative portfolio.


Management Company

Prescient Management Company (Pty) Ltd

Fund Managers

Gavin Vorwerg & Murray Winckler

Benchmark

Average of Multi-Asset High Equity Category

Inception Date

9 December 2015

Minimum Investment

R50 000 Lump sum, R2000 per month

Annual Management fee (Excl. VAT)

1.0%

Annual Performance fee (Excl. VAT)

10% in excess of peer benchmark

Laurium Equity Prescient Fund

Fund Details

The Laurium Equity Prescient Fund is a Domestic General Equity unit trust and has a primary investment objective of long-term capital growth. The fund aims to achieve returns in excess of the benchmark, measured over rolling 2 year periods.

Investment Approach

The fund is actively managed and invests in only South African listed equities, predominantly but not limited to the top 100 stocks. The mandate will not be restricted to any specific investment style and the investment strategy will be underpinned by extensive bottom-up fundamental research and valuations. The focus will be predominantly on individual stock selection to create a concentrated portfolio; however, macro-economic considerations will also play an integral part in constructing the portfolio.

Management Company

Prescient Management Company (Pty) Ltd

Fund Managers

Gavin Vorwerg & Murray Winckler

Benchmark

SWI

Inception Date

27 March 2014

Minimum Investment

R250 000 Lump sum, R10 000 per month

Annual Management fee (Excl. VAT)

1.0%

Annual Performance fee (Excl. VAT)

15% in excess of SWX

Total Fee Cap (Ex VAT)

3%