Allan Gray (investment management company)

Allan Gray is an investment management company from South Africa.[1] The company also has offices in Botswana, Namibia, Kenya, Swaziland and Nigeria, and maintains a close relationship with sister companies Orbis Investment Management and Allan Gray Australia. Its clients include institutional investors, individual investors, insurance companies, trusts, foundations and foreign institutions.

Allan Gray
Founded1973 (1973)
FounderAllan W.B Gray
Area served
South Africa, Namibia, Botswana, Lesotho, Swaziland, Nigeria and Kenya
Key people
Rob Formby (Chief Operating Officer), Duncan Artus (Chief Investment Officer), Ian Liddle (Chairman)
ProductsRetail unit trust products, Retirement products, Institutional segregated and pooled products
Websitehttps://www.allangray.co.za

History

Allan Gray Investment Counsel was founded in October 1973 by Allan W.B Gray, and won its first client in 1974.[2] In 1989, Gray set up Orbis Investment Management, an international investment management company.[3]

The firm was incorporated and changed its name to Allan Gray Limited in 1992.[4] In 1996, the firm opened an office in Windhoek, Namibia.[5] In 1998, the firm started offering retail investment products.[6] An office was established in Gaborone, Botswana in 2004.[7] In 2012, Allan Gray started serving Nigerian clients from their Lagos offices.[8]

Operations

Allan Gray invests in assets across the African continent and employs approximately 1000 employees.[9] The company’s Cape Town headquarters are in the Silo District of the V&A Waterfront. Silo One, the headquarter building, was the first in South Africa to be given a six-star green rating by the Green Building Council of South Africa.[10]

Social Investment

Allan Gray’s social investment efforts are directed towards the Allan Gray Orbis Foundation and E2, which aim to educate potential entrepreneurs and provide them with financing. The Foundation is funded by an annual donation of 5% of Allan Gray Proprietary Limited’s pre-tax profit[11] and a $150 million endowment from Allan W.B Gray.[12] E2 owns 20% of Allan Gray Limited.[13]

References
  1. Carrington, Damian; Barr, Caelainn. "Coal crash: how pension funds face huge risk from climate change". The Guardian.
  2. Nsehe, Mfonobong. "The 10 Greatest Living Business Leaders In Africa Today". Forbes.
  3. Christy, John. "Unsung outperformers". Forbes.
  4. "About Us". Allan Gray.
  5. "Allan Gray Namibia brings new investment offerings". New Era.
  6. Heystek, Magnus. "85 billion shades of Gray". Moneyweb.
  7. "Allan Gray Botswana offers SA unit trusts". Mmegi.
  8. Nwachukwu, Iheanyi. "Allan Gray Africa Equity Fund berths in Nigeria". Business Day.
  9. Shari, Michael. "A Top African Hedge Fund Is Buying Markets Others Are Deserting". Barrons.
  10. "SA's brightest green stars are honoured". Green Building Council SA.
  11. "Foundation Partners". Allan Gray Orbis Foundation. Archived from the original on 2015-08-01. Retrieved 2015-09-14.
  12. Nsehe, Mfonobong. "Five Notable African Philanthropists". Forbes.
  13. "Background". E2. Archived from the original on 2015-03-12. Retrieved 2015-09-14.
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