About Us

Aeon Investment Management is a boutique investment management company operating from Cape Town, South Africa. The experienced investment team have the capability to manage a range of equity and absolute return portfolios.

As a company, we are dedicated to a level of service and excellence in investment management that cultivates trusted client relationships and enables us to assist investors with all aspects of their investment needs.

We aim to exceed client expectations based on applying our ideals to:

  1. Understand client objectives
  2. Set realistic performance targets and strive to exceed them
  3. Find new opportunities in a dynamic market
  4. Create long term wealth by generating consistent alpha

Our Investment Approach

At Aeon Investment Management, our investment philosophy is based on the conviction that significant inefficiencies can occur in the market, at different times across a range of asset classes and strategies. A structured investment process which is able to monitor and value a wide range of opportunities is best able to capitalise on these inefficiencies.

We focus on the rigorous process of asset valuation and return modelling, using both fundamental and quantitative analysis. Since it is not possible to perfectly predict future market movements, our process guides us in constructing portfolios that can deliver outperformance of the benchmark in a range of scenarios, over a market cycle.

The investment process is structured to analyse and monitor the risk return characteristics of a wide range of asset classes and investment strategies. Diversifying the sources of alpha gives us the ability to construct portfolios with superior risk return characteristics relative to their benchmarks, providing a consistent level of outperformance with below average risk.

Fund Fact Sheets - Institutional
Fund Fact Sheets - Retail

Our Team

Meet our members of staff

Asief Mohamed

Asief Mohamed

Chief Investment Officer & Director

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Tshego Modise

Tshego Dichabe

Chief Executive Officer
& Director

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Jay Vomacka

Jay Vomacka

Senior Portfolio Manager

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Muneer Ahmed

Muneer Ahmed

Portfolio Manager & Analyst

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Shaakir Salie

Shaakir Salie

Head of Research

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Maxine Eloise Henkel

Dealing & Implementation Analyst

Shaun Van den Berg

Shaun Van Den Berg

Research Analyst

Chante Cain

Chanté Cain

Research Analyst

Mosele Mile

Mosele Mile

RESEARCH Analyst

Zizipho Mabuya

Zizipho Mabuya

RESEARCH Analyst

Sumayah Anthony

Sumayah Anthony

Financial Manager

Courtney Clarke

Courtney Clarke

Head of Performance

Zandile Macatywe

Zandile Macatywe

Performance & Compliance Analyst

Zikhona Monkqoyana

Zikhona Monkqoyana

Client Associate

Charlene Taunyane

Charlene Taunyane

Office Manager & Finance Support

Allison Graham

Allison Graham

Business Development & Client Relationship Manager

Board of Directors

Cami Mbulawa

Cami Mbulawa

Chairperson, Independent Non-Executive Director

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Thulani Madinginye

Thulani Madinginye

Independent Non-Executive Director

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Réjane Woodroffe

Non- Executive Director

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Tshego Modise

Tshego Dichabe

Chief Executive Officer

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Asief Mohamed

Asief Mohamed

Chief Investment Officer

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Mark Rule

Independent Non-Executive Director

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Rahma Leuner

Rahma Leuner

Non-Executive Director

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Aeon Corporate Social Responsibility

Aeon Investment Management believes that the educational development of underprivileged communities is the key to South Africa’s long term progress and success.

We support the following charitable organisations:

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Bulungula-Incubator-Logo
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Careers at Aeon

Aeon Investment Management values its employees and offering the best talented individuals to work with our clients. Visit our Careers page to view current vacancies and for more information on joining our team.

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Asief Mohamed

Chief Investment Officer & Director

Bachelor of Commerce (UCT), Chartered Accountant (SA), Chartered Financial Analyst (CFA Institute, USA)

Asief is the Chief Investment Officer and founder of Aeon Investment Management. Asief serves on the board of Aeon Investment Management as Executive Director.

In his capacity as Chief Investment Officer, Asief is responsible for the overall investment process and investment outcomes across all strategies, namely, fundamental active equity, quantitative equity and multi-asset class strategies.

As founder and pioneer behind Aeon Investment Management, Asief is driven by excellence and performance. Prior to Aeon Investment Management, he was previously the Chief Investment Officer for Metropolitan Asset Managers.

He is an Independent Trustee of the African Infrastructure Investment Fund. Asief is also a council member of the Financial Sector Transformation Council on behalf of ABSIP.

He serves as an independent non-executive director for the ASISA Academy.

Asief is a qualified Chartered Accountant (South Africa) as well as a Chartered Financial Analyst (CFA) charter holder. He holds a Bachelor of Commerce Degree in Accounting from the University of Cape Town.

Tshego Dichabe

Chief Executive Officer & Director

Bachelor of Accounting (UFS), Postgraduate Diploma in Investment Planning (UFS)

Tshego is the Chief Executive Officer at Aeon Investment Management. She also serves on the board of Aeon Investment Management as an Executive Director.

She joined the firm in the role of Business Development Officer and was appointed the CEO and Executive Director in July 2020.

In her capacity as CEO, Tshego’s role is focused on business strategy and management.  Tshego also heads up the Business Development function, where her focus is on institutional and retail business development including brand management.

Tshego is a driven and visionary professional who is an accomplished Model United Nations Debater. She is also the former Vice-President of Students In Free Enterprise (SIFE) at the University of the Free State, now known as Enactus. She won the Free State Enterprise Job Creation Challenge for Best New Enterprise for a company she co-founded while studying. She is passionate about entrepreneurship, building great organisations and leadership.

Tshego holds a Bachelor of Accounting degree from the University of the Free State. She also holds a Postgraduate Diploma in Investment Planning and a Postgraduate Diploma in Financial Planning from the same institution. She has over ten years of financial services experience, including time at PPS Investments and Sanlam Personal Finance.

Tshego is a fellow of the 5th class of the Young Africa Leadership Initiative fellowship, which is affiliated with the Africa Leadership Initiative (ALI) as part of the Aspen Global Leadership Network. She is one of the 2024 Mail & Guardian 200 Young South Africans. Her alma mater is the University of Free State, where she completed her bachelor of Accounting undergraduate & postgraduate qualifications in Investment Planning and Financial Planning. She also completed the online Oxford Leading Strategic Projects Programme at the Saïd Business School, University of Oxford, UK.

Tshego also serves on as an independent Investment Committee Member of the University of Free State investment committee appointed by the Council.

In her personal capacity, she offers mentorship services through a self-created programme in 2020 called Vision 2:10, which helps select mentees with their professional aspirations.

Jay Vomacka

Senior Portfolio Manager

Chartered Financial Analyst (CFA Institute, USA), MSc(Eng)(Industrial)(WITS), BSc(Eng)(Electrical)(WITS), Certified Financial Technician (CFTe, IFTA)

Jay is the Senior Portfolio Manager at Aeon Investment Management. His portfolio management responsibilities span across the fundamental active equity and the multi-asset class portfolios.

Prior to joining Aeon Investment Management, Jay was running a Johannesburg based Hedge Fund, Duality Systems (Pty) Ltd, which amassed an impressive performance record and was subsequently sold for expansionary reasons. Jay started his career at Centaur Asset Management where he worked as a quantitative and research analyst.

Jay is a Chartered Financial Analyst (CFA) charter holder and holds a Bachelor of Science degree and a Master of Science degree in Engineering from the University of Witwatersrand. Jay is also a Certified Financial Technician (CFTe, IFTA).

Muneer Ahmed

Portfolio Manager & Analyst

Bachelor of Commerce, University of Cape Town, Chartered Accountant (SA), Chartered Financial Analyst (CFA Institute)

Muneer is a Portfolio Manager & Analyst at Aeon Investment Management. His primary responsibility is portfolio management and research analysis which span across the fundamental active equity and the multi-asset class portfolios.

He has work experience spanning auditing, fundamental equity analysis, and financial markets including both buy and sell side coverage. His former employers include Prescient Securities and Denker Capital (as an Equity Analyst) and PWC as an Audit Manager (including his articles as a trainee Auditor).

Muneer is a Chartered Accountant South Africa (CA(SA)) and Chartered Financial Analyst (CFA). He holds a Bachelor of Commerce Degree from the University of Cape Town.

Shaakir Salie

Head of Research

BBusSci Finance (UCT), Chartered Financial Analyst (CFA Institute, USA)

Shaakir is Head of Research at Aeon Investment Management. His primary focus is to lead the firm’s research strategy, delivering actionable insights to support investment decisions, and mentoring the team of research analysts.

Shaakir holds a Bachelor of Business Science Degree in Finance from the University of Cape Town, which he completed at the end of 2021.

In 2023, he wrote the CFA Level III examination and successfully passed it; he is now a Chartered Financial Analyst (CFA) charterholder.

Cami Mbulawa

Chairperson, Independent Non-Executive Director

Industry Experience:
Cami has ten years’ experience which includes her work for KPMG as an auditor, where she also completed her articles in 2011. She has exposure to equity analysis through her work with Riscura in Private Equity and financial controls through her work with Investec Asset Management.

Accolades:
National & Regional Chairperson for SAICA’s Young Chartered Accountant Network

Other board representations:

  • Cape of Good Hope SPCA (Chairperson)
  • RSA Litho Group (Non-executive)
  • Non-executive director and chairman of Tyhini and Isivumo (enterprise development fund sponsored by Pyrotec, also a printing industry company)

Thulani Madinginye

Independent Non-Executive Director

Thulani is the Chief Executive at Berekah Value Investments, an SMME investment holding firm that is invested in the fuel retail, property and fast-food sectors. Thulani’s areas of expertise include Private Equity, Fuel Retail, Corporate Finance, Economic Appraisal, Infrastructure Finance Management, Project Management and Policy Development. Thulani holds a Bachelor of Business Science degree in Economics and a Master’s degree in Applied Economics, both from the University of Cape Town.

Other board representations:

  • Khulisa Social Solutions (Board member)

Réjane Woodroffe

Non- Executive Director

Industry Experience:
Réjane is a former investment professional and Chartered Financial Analyst (CFA charterholder) with an illustrious career having held the positions of Chief Economist and Head of International Portfolio Investments at Metropolitan Asset Managers and Research Analyst at a US investment bank, Merrill Lynch, in the economics and fixed-income sales and trading departments.

Réjane left the investment industry in 2009 to focus on a not-for-profit organisation, the Bulungula Incubator (BI), which she co-founded in 2007 and currently serves as Director.

The BI runs an integrated rural development programme in a remote part of the former Transkei of the Eastern Cape and manages numerous projects Pre-conception to Career, spanning education, health and nutrition, sustainable livelihoods (job creation) and Vibrant Villages (youth development) programmes. This work is leveraged and scaled through the active development of partnerships and networks with other non-profits, government and corporates. The Bulungula Incubator has had several notable successes impacting national policy and effecting the extension of services to other rural communities.

Réjane has previously served as a board member of the Public Investment Corporation (PIC).

Accolades:

  • John P. McNulty prize for her work at the Bulungula Incubator
  • British Council StudyUK Award for Global Social Impact
  • Fellow of the Aspen Global Leadership Network
  • Fellow of the 7th Class of the Africa Leadership Initiative (ALI) in South Africa
  • ABSIP Economist of the Year Award

Other board representations:

  • Board Member at DataDrive2023 since July 2022
  • Board Member at Equality Collective since December 2019
  • Director of Friends of Bulungula Inc.
  • Previously served as a volunteer counsellor and a member of the board of directors of the Rape Crisis Cape Town Trust and as the National Treasurer for the Trust for Community Outreach and Education (TCOE).

Tshego Dichabe

Chief Executive Officer

Tshego Dichabe has over ten years’ experience. A young, driven visionary who joined Aeon Investment Management in the role of Business Development Officer and is now the Chief Executive Officer of Aeon Investment Management. Tshego is passionate about entrepreneurship, building great organisations and leadership.

Asief Mohamed

Chief Investment Officer

Industry Experience:
Asief Mohamed has over 34 years of asset management experience. He was the Chief Investment Officer for Metropolitan Asset managers. As the founding director and pioneer of Aeon Investment Management, he is driven by excellence and performance.

Accolades:

  • Raging Bull certificate award winner 2017 for Top Performance in two categories for the Aeon Balanced Prescient Fund
  • ABSIP Special Recognition Gamechanger award 2018 for his contribution to industry
  • ABSIP portfolio Manager of the year in 2009
  • Raging Bull award for Metropolitan

Other board representations:

  • Financial Services Charter Council Member for ABSIP.
  • Independent Trustee of South African Infrastructure Fund, African Instructure
  • Investment Fund and Empowerment Infrastructure Investment Fund

Mark Rule

Independent Non-Executive Director

Industry Experience:
Mark Rule has over 30 years of experience across investment analysis, project management, and the resources sector. His career includes senior roles at Nedgroup Investments and Alliance Bernstein, where he led mining sector analysis, commodity price forecasting, financial modelling, and portfolio management. He also worked in sell-side equity research at ABSA Securities and Société Générale and has consulted independently on junior mining valuations and industry reports.

Mark holds an MBA from the University of Cape Town Graduate School of Business and a BSc in Building from the University of the Witwatersrand.

Rahma Leuner

Non-Executive Director

Industry Experience:
Rahma is a Principal Economist consultant with Acacia Economics, specialising in competition and regulatory economics. She has worked on cases in a wide range of industries especially in telecommunications, healthcare and digital markets. 

Education:
Rahma holds two master’s degrees in economics – from UCT and the Universiteit van Tilburg in the Netherlands.

Research and Publications:
Rahma has co-authored several publications in leading journals covering competition policy, industrial organisation, and health economics. Her work spans topics such as price discrimination in data-driven industries, merger review in developing economies, the failing firm doctrine during Covid-19, and cost-effectiveness analyses in public health. Her research has appeared in journals including Development Southern Africa, Competition Policy International, the South African Medical Journal, Plos One, and Cost Effectiveness and Resource Allocation.