Moyal’s Visio mines South African equity potential through bottom-up approach
Fri Apr 20, 2012
Backed by a diverse team of nine portfolio managers, Patrice Moyal’s well-established Visio Capital firm is a leader among South African hedge funds — and is increasingly profiting from the wider African growth story, with a growing focus on investing into other countries on the continent as well
Founded in 2003 and currently running around $1.5 billion,
Visio Capital is one of the largest and best established
independent hedge fund firms in South Africa - a country in
which the industry is arguably still under-represented relative
to the overall size of the investable universe.
The firm's flagship Visio South Africa Long/Short Fund has
an 11-year track record, having been launched by the firm's
founder and sole director, Patrice Moyal, back in February
2001. The strategy was developed while Moyal was head of hedge
funds at Corpcapital Bank, and he set up Visio two years later.
A US dollar-denominated version of Visio South Africa was
launched four and a half years ago, and is now treated as the
lead share class.
Performance has been relatively consistent since launch,
with double-digit gains every year but one. Amid the carnage of
2008, the US dollar...
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