True Grit

December 13, 2022
African Mining News

Laurium Capital is an independent, owner-managed business, with the co-founders, Murray Winckler and Gavin Vorwerg, still firmly at the helm after 14 successful years. Reflecting on the journey from its humble beginning in 2008, Laurium started its first hedge fund six weeks before theLehman’s crisis, an inauspicious time to start a new venture in financial markets, and so had to show their grit as investment managers from the very beginning. With the loyal support of our investors, many of whom remain invested today, we have managed to set a steady course over what have been some interesting and turbulent times in South Africa and markets in general, globally, and domestically.

As the investment team and operational capabilities have grown, we have expanded our product range in South Africa and the rest ofAfrica to include a fully-fledged range of products across the risk spectrum to meet the investment needs of our clients. With the acquisition of TantalumCapital in December 2020, we have been able to strengthen the equity, multi-asset, and fixed-income sides of our business as well as growing out our global franchise.

The Laurium team now consists of 31 individuals, and our assets have grown to R46 bn, which we feel is a sweet spot for a boutique manager in South Africa, being small and nimble enough to take advantage of market movements, while at the same time being relevant and having a seat at the table. Our differentiated approach to managing money and strong operational capabilities have attracted clients not only from South Africa, but also from other parts of the globe, and foreign investors now account for 47% of our assets. Our client base is well-diversified across high-net-worth individuals, institutions, and retail investors.

Laurium has built a strong, professional brand in the market with integrity and client-centricity at its core. Part of our success has been to cultivate an environment that places the company’s and employees’ ethics in alignment with one another. The result is that the team becomes a highly functional unit, capable of executing its mandate with accuracy and passion. Being 100% owner-managed and investing alongside our clients, ensures that we are completely aligned with our clients’ interests.

While we are proud of the successes that we have had in a very competitive industry, if the markets teach you one thing, it is to be humble. We continue to invest with passion and conviction, aiming to continue to deliver excellent returns for our clients over time.

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