In categories: Hedge Funds

VISIO SALVEO GLOBAL BEST IDEAS FUND

The Visio Salveo Global Best Ideas Fund is a variable net absolute-return focused equity long/short hedge fund, targeting a low correlated source of returns to global equity markets. The fund invests in globally listed stocks across sectors. Investment decisions are based on indepth research of company and sector fundamentals. The strategy has limited derivative positions and net equity exposure of 50%. The fund has annualised 6.3% in US dollars versus the MSCI World's 8.2% and MSCI EM's -0.4% since January 2018.

Investment team

The fund is managed by founder and CIO Patrice Moyal together with the investment team. Patrice is a chartered accountant with 26 years’ investment experience and is complemented by the team, which has a combined 245 years’ experience. The investment team of 14 has a diverse skills base and cultural backgrounds. The team has qualifications in accounting, corporate finance, equity research and private equity and includes chartered accountants, mathematicians, chemical engineers and CFAs. These varying backgrounds complement each other and help avoid myopic vision when analysing companies.

Investment terms

Fund: Visio Salveo Global Best Ideas Hedge Fund
Retail or qualified product: Qualified
Fund open: January 2018
Min investment: $100,000
Management fee: Annual management fees 1.5% lead series
Performance fee: 10% of outperformance, uncapped
Subscription: Monthly
Redemption: One-month notice period applies, from the first business day of the month

Strategy

Our investment process is firmly rooted in fundamental analysis. Our value-driven approach is predominantly bottom-up and sector- or theme-specific. We spend a considerable amount of time ‘on the road’ towards achieving our targeted end result. Our research is not limited to only listed companies. We continuously expand our knowledge and contact base with many unlisted companies, who are either trading partners or competitors with our listed counterparts.

Strategies employed:

  • Individual long and individual short positions
  • Particular sector exposures
  • Event-driven positions – takeovers, mergers and LBOs
  • Arbitrage – long term (correlated and uncorrelated)
  • Listed debt instruments

Strategy AUM: R0.8 billion
AUM: $16 million
Currency: US dollar
Domicile: Cayman
Inception date: January 2018

Service providers

Prime broker: Cowan International
Administrator: MUFG Investor Services
Manco: Lions of Africa Hedge Funds SPC
Auditor: Cohen & Co.
Legal advisors: Maples and Calder Wentze

Contact details

Visio Fund Management (Pty) Ltd
92 Rivonia Road, Sandton, Johannesburg 2196

Fund manager:
Visio Fund Management (Pty) Ltd
CEO/CIO: Patrice Moyal
Marketing: Craig French and Vulani Mampane

T: +27 11 245 8900
E: info@visiofund.co.za
W: www.visiofund.co.za