Welcome to Long Beach Capital and thank you for visiting our website, we appreciate your interest.
Long Beach Capital is an independently owned investment management company based in Cape Town, South Africa. Long Beach Capital is an authorized Financial Services Provider. FSP license number 22265.
Long Beach Capital has a single investment view which is expressed through our two funds, the Long Beach Flexible Prescient Fund which is intended for after-tax savings, and the Long Beach Managed Prescient Fund which is Regulation 28 compliant and intended for pre-tax savings via a retirement annuity, living annuity, endowment, preservation or provident fund.
Long Beach Capital's purpose is the responsible management of our client's investments. To achieve this, we have designed our two funds to be straightforward and structured in the best interests of our clients, with the following principles:
|Long Beach Flexible Prescient Fund||ZAR 3.6619|
|Long Beach Managed Prescient Fund||ZAR 1.6994|
A good company is one which is regarded as having a sustainable business franchise, a long operating track record, sound balance sheet and strong operating cash flows. A company is regarded as being attractively priced when trading below the present value of the company's future cash flows. The investment process also takes cognisance of the macro-economic environment and how it will impact on the companies' operating environments.
Long Beach Capital's fund portfolios are kept focused, typically holding between 18-25 companies, and investment ideas are considered both for possible return and their contribution to risk in the portfolios. Equities are the best placed asset class to provide real long-term returns on capital and our portfolios are equity centric for this reason. In the Managed fund, property companies which have the ability to grow yields over time are preferred to bonds for the non-equity component of the fund.
The skipper of a racing yacht will trim the sails and make adjustments to his heading to take advantage of wind shifts or swells to increase speed and protect a lead. Our fund portfolios are actively managed in this spirit, using subtle trading tactics within the overall investment strategy to manage risk and enhance returns.
Risk is regarded as the probability of a permanent loss of capital. Buying good quality companies based on valuation and cash flows, while maintaining a flexible approach, are the best risk management tools in an uncertain investment environment.
The Long Beach Flexible Prescient Fund is an actively managed portfolio which aims to provide real long-term growth in capital. Investors should note that a flexible collective investment scheme can hold any combination of shares, bonds and cash, as well as invest up to 30% of the portfolio in foreign assets. The Fund will predominantly invest in equities and may either hold cash and/or make use of derivatives to protect capital in periods of market turbulence.
The Fund is classified as a South African Multi Asset Flexible Fund
The Long Beach Managed Prescient Fund is an actively managed portfolio which aims to provide real long-term growth in capital. The Fund invests in shares, bonds, cash, ETFs, listed real estate and derivatives, with up to 30% of the portfolio in foreign assets. The Fund may either hold cash and/or make use of derivatives to protect capital in periods of market turbulence. The Fund is managed in accordance with Regulation 28.
The Fund is classified as a South African Multi Asset High Equity Fund
David has over 20 years of financial market experience and has successfully managed portfolios for clients for over 17 years. David is the Executive Director of Long Beach Capital and the Portfolio Manager for the Long Beach Flexible Prescient Fund and the Long Beach Managed Prescient Fund.
David completed a B.Sc. Engineering (Hons) at the University of Cape Town in 1993 and worked as a Civil Engineer for 4 years. In 1998, he completed a MBA at UCT's Graduate School of Business and was elected an Old Mutual Scholar. David was awarded his CFA charter in 2002.
Rene has worked in the stockbroking industry for the last 35 years, starting off servicing private clients. She became a member of the JSE in 1988 and then moved into institutional trading at various stockbroking firms. She spent the last 10 years trading equities for institutional clients at Prescient Securities.
|Tel:||+27 21 700 3705|
Long Beach Capital (Pty) Ltd
Block B, Silverwood
Steenberg Office Park
|Postal Address:||PO Box 30067, Tokai 7966|