Of Interest
Thought Leadership
Concentrate. Half Your Money’s on Red
August 2023: Consider the implication of placing half your money “on red” on the roulette table. Does the prospect of doubling your money make this an alluring proposition or a risky proposal that amounts to nothing more than a gamble? This thought experiment brings into focus the paradox between portfolio concentration, seen as a conduit for quick gain, and portfolio diversification, hailed as the foundation of risk-adjusted returns.
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Thought Leadership
The ripple effects of a failed bank
March 2023: Until last weekend, most people had not heard of Silicon Valley Bank or SVB. At its peak in late 2022, it had a market capitalization of roughly USD45bn. SVB now ranks as the second-largest bank failure in US history and the biggest bank failure since the global financial crisis. The bank was dreamt up over a poker game – and then had money thrown at it as the pandemic-born boom that rolled through Silicon Valley led to a remarkable three-fold increase in SVB’s deposits, from USD62 billion in 2019 to a peak of USD191 billion in December 2021.
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Thought Leadership
A new year's resolution for forecasters
January 2023: It’s the start of a new year – and, with that, come resolutions that see us promising to sweep out old habits and commit to new behaviours that ensure we end the year in better shape. One new year’s resolution that is likely to get investors of all shapes and sizes into better form is a commitment to stop forecasting...
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Thought Leadership
The buck stops with the greenback
October 2022: Economists seldom agree. But when it comes to the waves of consumer price inflation washing over the world, head scratching and economic double speak have been replaced by consensus finger pointing. The agreed view is that surging price inflation is caused by Russian President Vladimir Putin and his war in Ukraine...
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Thought Leadership
The return to sound investment principles
June 2022: The first half of 2022 has been brutal and marks the worst start for global equity and bond markets since the 1970s. Fortunately, for our investors, our positioning leading up to this period of uncertainty has resulted in the largest outperformance of our investment process over equity markets since the Covid-19 shock of March 2020...
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Thought Leadership
The only free lunch in investing
October 2021: According to Nobel Prize laureate Harry Markowitz, when it comes to investing, “Diversification is the only free lunch.” If you’re using stocks and bonds to build a portfolio, you are only using a small part of the investible universe, and many investors look right past powerful portfolio diversifiers, such as gold. To this end, diversification is a vital part of portfolio construction needed to meet an investor’s objectives – whatever they may be – with the highest degree of reliably and certainty as possible...
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Thought Leadership
Avoiding the third-generation curse
June 2021: Multigenerational investing requires one to factor in the possibility of extraordinary risk events, even if they might seem totally unimaginable at the time. Raymond Goss, CEO and founder of Genera Capital, sees himself as more of a risk manager than an asset manager...
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New Appointment Announcement
Genera Capital welcomes alternative asset specialist Kathleen Danoher
Johannesburg, 10 May 2021: In line with our focus on creating bespoke and holistic investment solutions, as well as our ongoing commitment to invest in the depth of our specialist listed and alternative capital markets team, we welcome Kathleen Danoher who will partner as a Juristic Representative of Genera Capital...
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New Appointment Announcement
Genera Capital welcomes global investment specialist Dr Adrian Saville to its team
Johannesburg, 12 April 2021: Genera Capital, an independent, multi-family investment office, is proud to announce the appointment of global investment specialist, Dr Adrian Saville, to its business. Adrian will be based at the company’s office in Johannesburg and, as part of his broader engagement within the business and its investors, will focus on the efficient...
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