A specialist fund investing in the unfrequented market of South Africa.
FUNDAMENTAL
Ownership in a business. Understand the business in order to value its stock.
VALUE-ORIENTED
All intelligent investing is value investing. Acquiring more than we are paying for.
CONTRARIAN
The confidence to go against the market when the facts support it.
RISK
Risk is the probability of permanent loss of capital. Volatility is not risk.
OPPORTUNISTIC
Prepared for different opportunities. Pounce hard when they arrive.
PATIENCE
Lengthening the time horizon gives a structural
advantage.
CONCENTRATED
7 to 15 positions. We know our companies very,
very well.
PROCESS
Know the difference between quality of decision and quality of outcome.
Temperament.
The best investors have it.
None of the others do.
Temperament.
The best investors have it.
None of the others do.
ABOUT
Desert Lion Capital is managed by Rudi van Niekerk who is a South African citizen. In 2013, Rudi established Magnum Opus, an investment partnership for mostly family and friends. In 2016, Rudi closed Magnum Opus and established Guscora Investments (“Guscora”), a permanent capital vehicle designed for South African investors. A majority of the investors in Magnum Opus invested in Guscora.
Due to a growing interest from US and other international investors, Desert Lion Capital was launched to meet the needs of non-South African investors. Desert Lion Capital uses a similar investment approach established with Magnum Opus and Guscora in the same attractive unfrequented equity market of South Africa.
Rudi’s core competence revolves around South African listed small and mid caps. His background includes private equity, operational and managerial roles in grain trading, and part-time lecturing to honors students. Rudi is a CFA charterholder and has a Bachelor of Commerce and MBA degrees from Stellenbosch University.
Desert Lion Capital was seeded by Greenhaven Road Partners Fund and renowned investor Charles M. Royce.
ABOUT
Desert Lion Capital is managed by Rudi van Niekerk who is a South African citizen. In 2013, Rudi established Magnum Opus, an investment partnership for mostly family and friends. In 2016, Rudi closed Magnum Opus and established Guscora Investments (“Guscora”), a permanent capital vehicle designed for South African investors. A majority of the investors in Magnum Opus invested in Guscora.
Due to a growing interest from US and other international investors, Desert Lion Capital was launched to meet the needs of non-South African investors. Desert Lion Capital uses a similar investment approach established with Magnum Opus and Guscora in the same attractive unfrequented equity market of South Africa.
Rudi’s core competence revolves around South African listed small and mid caps. His background includes private equity, operational and managerial roles in grain trading, and part-time lecturing to honors students. Rudi is a CFA charterholder and has a Bachelor of Commerce and MBA degrees from Stellenbosch University.
Desert Lion Capital was seeded by Greenhaven Road Partners Fund and renowned investor Charles M. Royce.
Globally there are varying degrees of market efficiency. South Africa presents an inefficient market with many hidden opportunities.
Globally there are varying degrees of market efficiency. South Africa presents an inefficient market with many hidden opportunities.
WHY
South Africa has historically been one of the best performing equity markets globally since 1900. The previous political regime and negative sentiment towards emerging markets contributed to a selloff in the South African equity market since around 2014. South African financial markets are highly developed and sophisticated. Yet the equity market is unfrequented and has pricing inefficiency embedded within. The South African market presents the opportunity to invest in good quality assets at cyclically depressed valuations, presenting superior returns through growth and multiple expansion. Desert Lion Capital’s local experience and presence will give you privileged access to these opportunities.
WHY
South Africa has historically been one of the best performing equity markets globally since 1900. The previous political regime and negative sentiment towards emerging markets contributed to a selloff in the South African equity market since around 2014. South African financial markets are highly developed and sophisticated. Yet the equity market is unfrequented and has pricing inefficiency embedded within. The South African market presents the opportunity to invest in good quality assets at cyclically depressed valuations, presenting superior returns through growth and multiple expansion. Desert Lion Capital’s local experience and presence will give you privileged access to these opportunities.