Cachalia Capital was founded by Mashuda Cassim in 2011 and made history by becoming South Africa’s first black female-owned and managed asset manager. We have illustrated to both capital owners and their advisors that our excellent market-beating eight-year track record proves black and female-owned asset managers are every bit as capable as any other industry participant. While Old Mutual Group was a shareholder, with a 26% stake in the company between May 2015 to January 2016, Cachalia Capital repurchased this stake in January 2016. Cachalia Capital is since 100% owner-managed asset management business with a level 1 BBB-EE rating. Our current product offering is an actively managed Equity fund with a value driven investment philosophy and process.
We are long-term value investors that subscribe to an economic regime allocation philosophy. We identify value opportunities from both a top down based on the state of the economy, as well as from the bottom to identify value. The top-down process is initiated by assessing macro-economic variables in order to interpret the investment cycle. Based on this research, the expected returns for the different equity sectors are forecast which enables us to determine sector weightings and consolidated themes. Coupled with this we will seek out value situations from a bottom-up perspective. Fundamental research is conducted on companies which culminates in detailed financial models. In depth consideration is given to both quantitative and qualitative factors. The earnings derived from these models are then further translated into valuations.
The Cachalia Capital investment team currently comprises 4 investment professionals whom all form part of the investment management process. The mandates are managed by Ms. Mashuda Cassim as lead portfolio manager at this stage. Cachalia Capital does not employ any dedicated operational staff as we have an outsource model. All operational functions are outsourced to well reputed external service providers with their respective industry standard service level agreements in place in order to ensure the optimal and efficient delivery of service to Cachalia Capital. Our culture is built around operational efficiency, fluidity between core functions and the efficient exchange of information. Our culture promotes rigorous and open-minded debate between team members that facilitates superior investment returns