ABOUT

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.

PURPOSE

Long Beach Capital’s purpose is to create a secure financial future for our clients, through the responsible management of our investment portfolios to achieve superior long-term growth.

The ocean is one of nature’s most powerful wonders, and its surface can be both calm and tranquil or stormy and tumultuous, much like global markets. At Long Beach we take the approach of a surfer, who understands they cannot control the ocean, but instead looks to harness the ocean’s forces and ride the waves. Our job, like a surfer sitting in the deep, is to assess the market conditions and wait patiently for opportunities to form. When a new swell arrives, the surfer will start paddling, and as the wave peaks, shift their weight forward to stand and ride the wave with grace and balance. We aim to position our portfolios in this spirit and navigate the opportunities offered by global markets for the benefit of our clients.

LONG BEACH INVESTMENT PHILOSOPHY

Long Beach’s investment approach is to build a portfolio of companies we would be happy to own for the long-term as private investors, complimented with exposure to diversified ETFs. The Long Beach unit trust funds are structured to achieve superior long-term capital growth as measured over 3 to 5yrs.

Long Beach aims where possible to be a long-term investor in the individual portfolio holdings and strongly encourages investors in our funds to take a similar long-term view.

Long Beach invests in publicly traded companies with a high proportion of the following characteristics:

• A sustainable business franchise, with unique or differentiated products and services.
• Benefit from structural growth trends, with recurring and growing revenue.
• Capital light with low or no debt.
• Above average gross margins.
• A high free cash flow yield, or equally the potential for a high free cash flow yield in the future.
• Ongoing investment in R&D.
• An experienced management team.

Long Beach’s portfolios have limited exposure to cyclical industries or highly leveraged businesses.

Long Beach does not make significant use of currency hedging, derivatives, or attempts to ‘time-the-market’ through short-term changes in asset allocation.

Long Beach makes use of ETFs and Collective Investment Schemes for fixed income exposure.

Please Note: Long Beach does not provide individual investment advice.

FUNDS


LONG BEACH WORLDWIDE FLEXIBLE PRESCIENT FUND

The Long Beach Worldwide Flexible Prescient Fund is an actively managed portfolio which aims to provide investors with long-term (3-5yrs) growth in capital. The fund aims to be substantially invested in global equities and ETFs, and may also invest in depository receipts, listed property, bonds, commodity ETF and cash. The portfolio will invest on a worldwide basis.

The Fund is classified as a Worldwide Multi Asset Flexible Fund, and its benchmark is the ASISA Multi Asset Worldwide Flexible Sector Average.

Minimum Disclosure Document


LONG BEACH MANAGED PRESCIENT FUND

The Long Beach Managed Prescient Fund is an actively managed portfolio which aims to provide investors with long-term (3-5yrs) growth in capital. The Fund invests in global equities, bonds, cash, ETFs, listed property and may also invest in depository receipts and commodity ETFs. The fund will generally look to maximise its equity and foreign asset allowances in terms of Regulation 28.

The Fund is classified as a South African Multi Asset High Equity Fund and is managed in accordance with Regulation 28. The fund’s benchmark is the ASISA Multi Asset High Equity Sector Average.

Minimum Disclosure Document

  • HOW TO INVEST


    Long Beach’s unit trust funds are administered by Prescient Fund Services (Pty) Ltd and are listed on the Prescient Management Company (RF) (Pty) Ltd platform.

    Please contact Prescient Fund Services on 0800 111 899 (toll-free) or pmancoadmin@prescient.co.za to open a new account, or for any existing account queries.

  • Existing Investors: We encourage you to set up online access for your account in Long Beach’s Secure Portal. The Secure Portal will allow you to view your account, transact online, and download tax certificates.

    New Investors: To open a new account, please use the Invest Now function in Long Beach’s Secure Portal and complete the online application. Or, please complete the appropriate application form (fillable PDF) and submit the completed form together with your FICA documents to pmancoadmin@prescient.co.za . Prescient Fund Services will send you a welcome letter with your account number, and the fund’s inflow bank account details for your deposit, after your application has been processed.

    Retirement Products: Long Beach’s unit trust funds are listed on the Prescient Management Company (RF) (Pty) Ltd platform and may be accessed through a Prescient Retirement Annuity or Prescient Preservation Fund.

    Please contact Prescient Fund Services at retirement@prescient.co.za , for any retirement product related queries, including transfers.

    • FORMS


    Individuals
    Legal Entities
    Tax Free Savings Account

    Additional Investment
    Change of details

PEOPLE


David Hansford

BSc Eng. (Hons) MBA CFA

EXECUTIVE DIRECTOR AND CHIEF INVESTMENT OFFICER

David has over 25 years of financial market experience and has successfully managed portfolios for clients for over 22 years. David is the portfolio manager for the Long Beach Worldwide Flexible Prescient Fund (since inception in 2009), and the Long Beach Managed Prescient Fund (since inception in 2013).

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.

AWARDS


2020

  • Long Beach Flexible Prescient Fund, Raging Bull Award for the Best South African Multi Asset Flexible Fund for risk adjusted performance over five years to 31 December 2020.
  • Long Beach Flexible Prescient Fund, Raging Bull Certificate for the Best South African Multi Asset Flexible Fund for straight performance over three years to 31 December 2020.
  • Long Beach Managed Prescient Fund, Raging Bull Certificate for the Best South African Multi Asset High Equity Fund for straight performance over three years to 31 December 2020.

2019

  • Long Beach Flexible Prescient Fund, Raging Bull Award for the Best South African Multi Asset Flexible Fund for the 5yr period to 31 December 2019 on a risk adjusted basis.
  • Long Beach Flexible Prescient Fund, Raging Bull Certificate for the Best South African Multi Asset Flexible Fund for the 3yr period to 31 December 2019.

2018

  • Long Beach Flexible Prescient Fund, Raging Bull Award for the Best South African Multi Asset Flexible Fund for the 5 years to 31 December 2018 on a risk adjusted basis.

2017

  • Long Beach Flexible Prescient Fund, Raging Bull Certificate for the Best South African Multi Asset Flexible Fund for the 3 years to 31 December 2017.

The full details and basis of the awards are available from the manager.