Perpetua Investment Managers (Pty) Ltd

The South African listed credit market is experiencing a tug of war. In this article Ryan van Breda, FRM, Credit Portfolio Manager at Perpetua Investment Managers, explores the current state of the market, its evolution, and potential future trends. Enjoy the read!

Perpetua’s CIO, Delphine Govender, enjoyed participating in an insightful discussion with Charl de Villiers (Ashburton Investments), Kabelo K Rikhotso, CFA® (Public Investment Corporation), Matthew Rattray (RMB Morgan Stanley), at the JSE Trade Connect 2025 Conference which took place on 27 February.   The panel explored the topic, "Navigating the Evolving Investment Landscape: Risks and Opportunities", discussing ways in which buy-side firms consider, assess and mitigate geopolitical risks, as well approaches to enhance South Africa's appeal to international investors. The panel was an engaging exchange of ideas on the alpha-generating opportunities as well as challenges shaping South Africa’s investment landscape. #JSETradeConnect 

Perpetua Investment Managers is preparing to launch its Fixed Income Hedge Fund, which will be managed by its Head of Fixed Income, Pooja Tanna. With nearly two decades of experience in fixed income trading, derivatives, and portfolio management, Pooja brings a strategic and disciplined approach to this new offering. As the fund begins building its track record in the coming weeks, Perpetua remains steadfast in its commitment to mastering insightful investing.

Perpetua's Chief Investment Officer, Delphine Govender, explains the reasons the S&P 500 may struggle to replicate the impressive gains of the last two years. With monetary policy easing slowing, high valuations, and receding tailwinds, Delphine discusses the factors shaping a more selective approach with regards to U.S. equities, as well as highlighting opportunities in other global markets over the coming year.

We are excited to share Perpetua’s inaugural, comprehensive multi-asset class report. In this publication we discuss key macroeconomic, geopolitical and fundamental factors shaping global and domestic markets across major asset classes. We also provide our perspectives on the investment opportunities and risks which we believe exist, based on our outlook across various markets. We hope that you find it both engaging and thought-provoking. Enjoy the read!

The South African listed hospital sector has faced a tough decade, with major players such as Netcare and Life Healthcare delivering disappointing shareholder returns. Despite these recent historical challenges we believe there’s value to be unlocked in this underperforming sector. In our latest article we explore the sector’s recent history and our investment thesis for opportunities presented by some of the companies in this sector. Click the link to read our thoughts and the reasons why we believe this is an opportune time to revisit the sector.

Macau, known as the "Las Vegas of the East", is seeing a strong recovery in its gaming industry. With impressive growth trends and structural shifts, the region presents compelling investment opportunities. Click below to read this insightful piece on Macau's economic drivers, gaming operators and future prospects. Written by Shelton Muzanya and Delphine Govender. #Investments #Macau #GamingIndustry #EconomicInsights

Perpetua Investment Managers (Pty) Ltd is grateful to be acknowledged as an award winner in our respective category at the inaugural 27four Investment Managers DEI Leadership Awards, held on 30 October 2024. The award celebrates asset managers who excel in investment performance while being pioneers in Diversity, Equity and Inclusion by driving meaningful change, creating inclusive workplaces and fostering innovation and impact in South Africa’s asset management industry. Perpetua is strongly committed to playing a meaningful role in achieving the collective vision of driving for a sustainable investment industry. It is the combination of performance excellence, earnest stewardship, diverse thinking, well-balanced environments and responsible behaviour that achieves this outcome. We look forward to continue working with many like-minded industry peers as we individually and collectively grow our contribution to positively impacting the returns of savers while meaningfully impacting society as a whole.