Business Day BDLive - 31 March 2013
NEWSMAKER: What Louw Should Have Done to Cure Adcock Ingram
..."I have never seen Saad being rude or bombastic, but I wouldn't be surprised if he loses his cool with someone who is not performing and makes a decision to cut him quite quickly," said Asief Mohamed, chief investment officer at Aeon Investment and a Bidvest shareholder. "My sense is Louw has not done this when maybe he should have."...Aspen, it might be argued, has been lucky. But luck without skill was not enough, said Mohamed. "For the luck to work you need an Aspen-type management that goes out there aggressively, is entrepreneurial but makes it work. We haven't seen that at Adcock."...Full Story »
Business Day BDLive - 27 March 2013
Shareholders Want Sight of Cipla Medpro Supply Deal
..."They should disclose it," agreed Aeon Investment Management’s chief investment officer, Asief Mohamed..."There is nothing that the shareholders would find in there that would cause them any concern," he said. "I think in the scenario where the transaction does not go ahead, we would find ourselves in a position where we would need to make it available. That would be part and parcel of the road ahead," he said. Business Day’s previous requests for the supply agreement have been unsuccessful...Mr Mohamed said Cipla Medpro’s results were disappointing, and expressed scepticism about the prospects for Cipla’s offer being accepted by shareholders. Cipla Medpro was trading around the R9 mark, he said, which suggested the market shared his doubts about the likelihood of the deal getting the green light...Full Story »
Business Day BDLive - 22 March 2013
Bidvest’s Adcock Offer ‘in Line with Tactic of Buying Assets at Lowest Ebb’
..."Bidvest is known for buying assets when earnings are low, and has a good track record, but I would expect them to pay more for the deal to go through," said Aeon Investment Management chief investment officer Asief Mohamed. He suggested the price would need to go as high as R85 per share for the deal to be accepted by shareholders...
Aeon Investment Management holds shares in Bidvest...Full Story »
Business Day BDLive - 18 March 2013
Cashbuild Feels Drop in Consumer Spending
...On a two-year outlook, one could expect interest rates to put further pressure on an indebted consumer, said Aeon Investment Management chief investment officer Asief Mohamed."Retailers have benefited significantly in the past from the significant growth of social grants, low interest rates and rapid growth in unsecured lending. The rate of social grant beneficiary growth and unsecured lending growth is starting to slow down."...Full Story »
Bloomberg - 22 Jan 2013
Wheat Drives Inflation Bets to 2-Week High: South Africa Credit
...“We are keeping a much closer eye on inflation now that the rand is a bit weaker,” Asief Mohamed, who oversees the equivalent of $112 million in assets as chief investment officer of Aeon Investment Management in Cape Town, said by phone yesterday. “If the rand were to weaken further, there should be cause for concern that inflation might tick up.”
Bloomberg - 25 March 2011
South Africa Stocks Significantly Overvalued
Robert Brand and Mike Cohen
...Aeon Investment Management considers South African stocks as fairly value, chief investment officer Asief Mohamed said. Its recommended shares include Anglo American, Impala, MTN, AngloGold Ashanti Ltd., Africa’s largest gold producer, and Capitec Bank Holdings Ltd., a provider of loans not backed by assets. The Cape Town-based company oversees about 800 million rand in assets. “ We prefer an exposure to equities in the current environment” rather than bonds, Mohamed said in an interview in Cape Town today. “We are maintaining our positions. There is nothing that’s pushing us” to disinvest from any particular industry, he said. The ongoing expansion of the Chinese and Indian economies should continue to support the price of platinum, iron ore and other metals, Mohammed said.
Financial Mail - 10 October 2008
Most Influential Black Fund Managers
...Many BEE managers are resigned to remaining in a niche and have moved into hedge funds where asset size is less important. Two of these managers have escaped the corporate environment of RMB Asset Management, still the most centralised of the large managers. They are Rayhaan Joosub of Sentio Capital and Malungelo Zilimbola of Mazi Capital. Mazi has a strategic alliance with the secretive, but highly successul Visio Capital group run by Patrice Moyal.
Another niched hedge fund business is QT Capital run by Raphael Nkomo with a former proprietary trading team from Investec. The most high profile of this group is Asief Mohamed, who has been chief investment officer of MetAM and now runs his own boutique Aeon Global Capital.
Financial Mail - 16 February 2007
The Line Blurs
By Stephen Cranston
Traditional investment houses want to step onto hedge fund managers' more profitable turf.
...In SA last year, the biggest inflows came into small shops run by refugees from the traditional industry such as Kimon Boyiatjis (previously Abvest and NIB), Asief Mohamed (ex-Metam) and Morné Marais (ex-Coronation)...
6 December 2007
South Africa Hedge Awards
Arabella Sheraton Grand Hotel
Cape Town, South Africa
The South Africa Hedge Awards celebrated the best performing South African hedge funds of 2007, taking place in the Grand Ballroom of the Arabella Sheraton in Cape Town. The aim of the awards was to recognise the best risk-adjusted performance among South African hedge funds and funds of hedge funds, based on numbers reported to our league tables for the 12 months to the end of October. Over 200 guests attended. Gala event rewards the leading players after a tumultuous year.
MULTI-STRATEGY Nominees: Aeon Multi-Strategy, Clear Horizon Multi-Strategy, BlueBay Mayflower, Mergence Africa.
Multi-strategy is a fast-developing category in the South African hedge fund space, with some quality contenders. The Mergence Africa Hedge Fund, managed by Masimo Magerman, had a solid year, gaining 23.99% on a Sharpe of 1.97; while Asief Mohamed's Aeon Multi-Strategy fund clocked a 36.61% return on a Sharpe of 2.47. Clear Horizon, winner of last year's award, had another strong 12 months, gaining 40.29% on a Sharpe of 1.83. The award went to the fund with the highest return, the best Sharpe and also the biggest assets under management – Mayflower, managed by Uys Meyer, Richard Pitt and the BlueBay team.
Financial Mail - 20 August 2004
Blacks Professionals in Fund Management
A Rising Tide
By Stephen Cranston, Thandeka Gqubule and Itumeleng Mahabane
... Asief Mohamed has spent 15 years at Metropolitan Asset Managers (MetAm) and is now chief investment officer. He remembers the days when he was the only black face at corporate lunches. He qualified as a chartered accountant (CA) with Ernst & Young and after a brief stint in Metropolitan Investment Enterprises moved to what was then the investment division. Mohamed has acquired a following among retail investors through regular radio appearances...
Unit Trust Survey
Asief Mohamed, chief investment officer of Metropolitan Asset Managers has won the accolade of Top Portfolio Manager 2003, awarded by the Association of Black Securities and Investment Professionals (ABSIP).
11 November 2003
Best Black Fund Manager
By Jackie Cameron - Moneyweb
Investment professionals name top black portfolio manager.
South Africa’s black investment professionals have voted Asief Mohamed, chief investment officer of Metropolitan Asset Managers, South Africa’s top portfolio manager.
The Association of Black Securities and Investment Professionals (Absip) chose Mohamed from a group of about 20 nominees and three finalists, who included Abdulazeez Davids of Allan Gray Long Term Investment Management and Hugo Nelson of Coronation Fund Managers. Absip deputy president Daisy Pillay said yesterday “technical competence” played a major role in choosing the winner, but other factors like efforts to help transform the financial services industry and “create black capacity” were also important“He is respected in his industry and also Metropolitan has been very supportive of Absip,” Pillay said. The award is also aimed at creating awareness about the need to “create black capacity” in the investment industry, she said, adding that nominations for entrants came from companies and peer groups.
Mohamed was not available for comment, but Philip Morrall, managing director of Metropolitan Asset Managers, said Mohamed’s “varied experience and accomplishments as an asset manager set a high standard for the industry”. Mohamed has won several investment awards,including a Raging Bull in 2001, he added.
Good Governance Award Winners
The recipients of the Deloitte & Touche Good Governance Awards were announced on 23 July 2003.
In the Remuneration Practices category, David Barber, Financial Director of Anglo American SA accepted the winning prize. Asief Mohamed, Fund Manager with Metropolitan, said that companies had managed to move past their former reticence and defensiveness about disclosing individual directors' remuneration which was a positive development, "However what is sorely lacking in South African corporate financial patterns is a clear delineation of remuneration and performance bonus benchmarks. Annual reports, for instance, do not provide indications of how bonuses or salaries are determined, or how they might be based on key success criteria. Though now disclosing directors' salaries, companies are failing to disclose the remuneration of their top 20 earners."