Our values

Since 1973 we have adhered to the same set of values. These have provided us with a consistent framework to help us to make the best decisions for our investors in a changing environment and over time.

Client focused

We always put our clients’ interests first and avoid (not manage) conflicts of interest. We try to build our clients’ trust and confidence in us through offering excellent client service. We design our products and fees so that they tie our success to that of our clients.

Performance driven

We set extremely demanding and challenging standards, aiming to be the best in each area of our activities. Our business model and the way that we reward and promote our staff are designed to encourage excellence. Our performance-based investment management fees make our income more sensitive to long-term investment performance than the size of assets under management. Our senior executives are shareholders in the business, aligning their long-term interests with yours. All other staff have a substantial portion of their remuneration in the form of performance-based bonuses. 

Long-term oriented

We take a long-term perspective on investment decisions and business strategy. We try to establish long-term relationships with clients who believe in us and share our conviction in our investment approach. We offer an uncluttered range of products and services where we believe the application of our skills can add value and be enduring.

Independent minded

We are often contrarian and have the courage to fly in the face of popular opinion or conventional wisdom. We value, seek and foster diversity of opinion and thought.

Individually accountable

We have great faith in the power of the individual to make a difference. We believe that the best decisions are made by individuals not committees and we accept responsibility for the consequences of our actions.

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Key staff

JP Hamman
JP Hamman
Head of operations: Africa (ex-SA)
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JP joined Allan Gray in 2007 as a quality assurance checker in the retail business. He has fulfilled various leadership roles and joined the Africa (ex-SA) unit in 2016. JP earned a Bachelor of Commerce from Stellenbosch University and an Honours in Industrial Psychology from the University of South Africa.

Oluwatosin Lawal
Oluwatosin Lawal
Legal & compliance officer
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Tosin joined Allan Gray in 2014. Prior to that, she worked at the law firm of Perchstone and Graeys. She was also a senior legal analyst and assistant branch compliance officer of Lotus Capital. Tosin earned a Bachelor of Law (LLB) degree from the University of Lagos and a Master’s in International Commercial Law (LLM) from the Robert Gordon University.

Thando Mhlambiso
Thando Mhlambiso
Non-executive director
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Thando Mhlambiso was appointed non-executive director of Allan Gray Proprietary Limited in June 2018, having previously served as a director at Allan Gray from August 2010 to April 2018 leading activities in Africa outside of South Africa. Over the last 20 years, he has worked in various capacities in principal investing, investment banking and corporate law in Southern Africa and the United States. Thando earned an AB in Biology from Brown University, an MBA in Finance from Columbia University Graduate School of Business and a JD from Columbia University School of Law.

Jamil Toyo
Jamil Toyo
Executive director
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Jamil joined Allan Gray in 2009 as an operations consultant in the retail business. He has worked in a number of analytical roles, including as a business analyst for Allan Gray’s African expansion. Jamil holds a Bachelor of Commerce (Honours) from the University of the Witwatersrand and is a CFA charterholder.

Our approach to investing is simple

We look closely at businesses. We buy shares we think are undervalued and sell them when we think they have reached their worth, regardless of popular opinion.
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We are based in Africa and have global expertise

Our headquarters are in Cape Town, and we have offices across Africa (offices indicated in red). We also have an affiliate office in Australia. We are partners with Orbis (offices indicated in blue), with whom we share a founder, investment philosophy and values. Orbis provides us with access to foreign markets, backed by expert research and a long-term track record.
Scroll down to see our long-term investment track record

We pursue long-term returns without taking undue risks

What $ 10,000 invested in 1974 would be worth today (30 September 2018):

Invested with Allan Gray (before fees) FTSE/JSE All Share Index (log scale) R 160 000 000 R 160 000 000 10 YEARS 1974 Today

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

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