MAZI ASSET MANAGEMENT
iMazi, the indigenous Nguni cattle, is a breed distinctive to Southern Africa that is unmatched in its fertility, adaptability, and resistance to disease. iMazi symbolises prosperity, sustainable wealth and a great investment. Our name, Mazi, emanates from this proud heritage.
Mazi was established in 2006 by our Chief Investment Officer, Malungelo Zilimbola. Today Mazi is an institutional-quality boutique investment management business that is 100% owned by the staff. Mazi manages over R41 billion in assets and is a recipient of various business and investment performance based awards.
Investment team
“Team diversity and independent thinking are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise”. James Surowiecki – Wisdom of the Crowds.
We have 21 skilled and diverse investment team members with an average of 13 years’ investment experience.
Investment terms
Funds: Mazi NCIS Market Neutral RIF Hedge Fund
Mazi NCIS Long/Short QIF Hedge Fund
Hurdle rate: STeFI
High water mark: Yes
Fund open: Yes
Minimum investment: R1 million
Management fee: 1.5%
Performance fee: 20%
Subscription: Monthly
Redemption: One calendar month
Retail or qualified: RIF and QIF
Strategy
Our hedge funds (Market Neutral RIF and Long/ Short QIF) are long-biased equity hedge funds. The funds are predominantly invested on the South African stock market with selective exposures to the greater African continent and developed markets. The funds’ positions (longs and shorts) are primarily driven by the Mazi long-term stock-selection process and philosophy.
The funds seek long positions in companies with:
- Sustainable business models
- Quality management and board of directors
- Balance-sheet strength and cash generation
- Defensiveness
Companies that do not meet the above criteria are candidates for short positions. The portfolios employ a range of investment styles including:
- Individual long and short positions
- Particular sector exposures
- Event-driven positions – takeovers, mergers
- Arbitrage
- Listed debt instruments
Strategy: Low volatility long/short equity
AUM: R10 million
Currency: ZAR
Domicile: South Africa
Inception date: November 2006 (market neutral) April 2014 (long/short)
Service providers
Prime broker: Peresec (market-neutral) RMB (long/short)
Administrator: Apex Fund Services
Auditor: PKF Cape Town
Legal advisor: MacRobert Incorporated Attorneys
Manco: Novare CIS (RF)(Pty) Ltd
FSP number: 46405
Contact details
Mazi Asset Management (Pty) Ltd
4th Floor, North Wing, 90 Rivonia Road, Sandton, 2196
CEO: Malungelo Zilimbola
CIO: Asanda Notshe
Email: clientservice@mazi.co.za
Phone: +27 10 001 8300
Fax: +27 10 001 8339
Website: www.mazi.co.za