Welcome to Long Beach Capital


Long Beach Capital is a privately 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:

  • An annual management fee of 1.25% p.a. (ex VAT) or 1.43% (incl VAT).
  • No performance fees, we believe all investment performance should accrue to our clients.
  • No rebates, commissions or discounts, all clients access our funds on equal terms.
  • No marketing, we prefer to spend our time on investment research, and we will not try to sell you our funds. If you chose to invest with Long Beach Capital, we will do our best to manage your investments responsibly, together with our own investments in the two funds.


Fund Prices
Long Beach Flexible Prescient FundZAR 3.50262018-01-19
Long Beach Managed Prescient FundZAR 1.6342018-01-19

Investment Philosophy


Long Beach Capital's investment philosophy is to buy good companies at attractive prices and manage a portfolio of businesses.

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.

Long Beach Funds


Long Beach Flexible Prescient Fund

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 25% 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

Download the Flexible Fund's latest Minimum Disclosure Document (PDF)

Long Beach Managed Prescient 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 25% 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

Download the Managed Fund's latest Minimum Disclosure Document (PDF)

Application Forms

Unit Trust Application Form - Individuals (PDF)

Unit Trust Application Form - Legal Entities (PDF)

Unit Trust Application Form - Tax Free Savings Account (PDF)

Unit Trust Redemption Form (PDF)


People


David Hansford, CFA
Executive Director and Portfolio Manager

David has over 18 years of financial market experience and has successfully managed portfolios for clients for over 15 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.









Contact


Tel: +27 21 700 3705
Email: david@longbeachcapital.co.za
Physical Address: Long Beach Capital (Pty) Ltd
Prescient House
Westlake Business Park
Otto Close, Westlake 7945
Cape Town, South Africa

Postal Address: PO Box 30067, Tokai 7966