Allan Gray
![](//upload.wikimedia.org/wikipedia/en/thumb/5/5a/Allan_Gray_logo.svg/200px-Allan_Gray_logo.svg.png) |
Founded
| 1973
; 51 years ago
(
1973
)
|
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Founder
| Allan W.B Gray
|
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Area served
| South Africa, Namibia and Botswana
|
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Key people
| Mahesh Cooper (Chief Operating Officer), Duncan Artus (Chief Investment Officer), Ian Liddle (Chairman)
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Products
| Retail unit trust products, Retirement products, Institutional segregated and pooled products
|
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AUM
| R
322.5 billion (31 December, 2021)
|
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Website
| https://www.allangray.co.za
|
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Allan Gray
is an
investment management
firm headquartered in
South Africa
, established with the objective of offering a range of investments.
[1]
In addition to its primary location, the firm has expanded its operations to include offices in
Botswana
,
Namibia
, and
Eswatini
, reflecting its broader geographic reach within the region. It also works in collaboration with sister companies,
Orbis Investment Management
and Allan Gray Australia, to leverage global investment insights and strategies. Allan Gray caters to a diverse clientele, which encompasses both
institutional
and individual
investors
, along with insurance companies,
trusts
, foundations, and foreign institutions. This diverse client base is indicative of the firm's comprehensive service offering, designed to meet a variety of investment needs.
History
[
edit
]
Allan Gray Investment Counsel was established in October 1973 by
Allan W.B. Gray
, securing its first client the following year.
[1]
To expand its global investment capabilities, the founder initiated Orbis Investment Management in 1989, focusing on international investment opportunities.
[2]
The company underwent a rebranding in 1992, adopting the name Allan Gray Limited.
[3]
Continuing its expansion, Allan Gray Limited inaugurated its first international office in
Windhoek
, Namibia, in 1996.
[4]
Two years later, in 1998, the company broadened its product offering to include retail investment options, catering to a wider range of investors.
[5]
Further extending its presence in the region, the firm opened an office in
Gaborone
, Botswana, in 2004.
[6]
Operations
[
edit
]
Allan Gray conducts its investment operations across the
African continent
, managing a diverse
portfolio
of assets. The firm has a workforce of over 1,000 employees, indicating its significant scale and capacity for comprehensive investment management services. Its main office is located in the Silo District of the
V&A Waterfront
in
Cape Town
, a notable area for its blend of commercial and
cultural
spaces.
[3]
The primary building, known as Silo One, distinguishes itself as the first in South Africa to achieve a six-star green rating from the Green Building Council of South Africa. This certification underscores Allan Gray's commitment to
sustainability
and
environmental
responsibility in its operational practices.
[5]
The location and design of its
headquarters
reflect the company's emphasis on integrating environmental considerations into its business model, alongside its investment activities.
Investment offering
[
edit
]
Allan Gray provides a variety of investment products designed to meet the needs of
retail investors
, including a selection of
unit trusts
. The firm's current portfolio for retail investors encompasses unit trust investments, tax-free savings accounts, opportunities for offshore investments, retirement
annuities
, preservation funds, living annuities, and endowment policies.
[4]
For institutional investors, the company offers investment opportunities in unit trusts, life pooled portfolios, and segregated portfolios. These options are tailored to suit the varying requirements of different types of institutions and the scale of their investments.
Additionally, Allan Gray facilitates group savings plans for employers. This is achieved through the Allan Gray Umbrella Retirement Fund and the Allan Gray Group Retirement Annuity, designed to assist in the provision of retirement benefits.
[
citation needed
]
Social investment
[
edit
]
Allan Gray participates in social investments primarily through the Allan Gray Orbis Foundation and E Squared, which are dedicated to the education and financial support of emerging entrepreneurs. The foundation receives an annual donation calculated as 5% of the pre-tax profits from Allan Gray Proprietary Limited, along with a $150 million endowment from Allan W.B. Gray.
[5]
Additionally, E Squared holds a 20% stake in Allan Gray Limited, a structure intended to allocate resources towards entrepreneurial development and education.
Ownership
[
edit
]
A controlling interest in Allan Gray is held in perpetuity by Allan & Gill Gray Foundation. Other shareholders include past and present employees and E Squared. Allan & Gill Gray Foundation is designed to exist in perpetuity to ensure that the distributable profits are ultimately devoted exclusively to
philanthropy
and to promote the commercial success, continuity and independence of the Allan Gray business.
[7]
References
[
edit
]
Major asset management companies
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