Steven Nathan resigns as CEO of 10X Investments (2024)

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RUAN JOOSTE, CITYWIRE SOUTH AFRICA Editor’s Picks The range of returns for balanced funds in 2023 was unusually wide The smart money backs surging South Korean stock to be an AI winner Jean Pierre Verster needs no introduction Expect the Fed to cut, but keep an eye on why SA hedge funds see an uncertain 2024 as an opportunity Boutique explains why it reimbursed clients for Steinhoff losses Brite Advisors Australian HQ placed under administration, SA investors’ funds frozen A permanent successor is yet to be named. Leave a comment When it comes to savings, the ‘supers’, or superannuation funds in Australasia, have the biggest presence. Survey reveals the latest trends among BEE investment firms BCI hires senior executive PortfolioMetrix hires new investment specialist Sean Peche: Value can tip the odds in your favour Merchant West: Interest rate cuts, elections critical in 2024 The range of returns for balanced funds in 2023 was unusually wide RUAN JOOSTE, CITYWIRE SOUTH AFRICA Editor’s Picks The range of returns for balanced funds in 2023 was unusually wide The smart money backs surging South Korean stock to be an AI winner Jean Pierre Verster needs no introduction Expect the Fed to cut, but keep an eye on why SA hedge funds see an uncertain 2024 as an opportunity Boutique explains why it reimbursed clients for Steinhoff losses Brite Advisors Australian HQ placed under administration, SA investors’ funds frozen Fund selection How GraySwan makes tactical moves between active and passive Company’s CEO and chief investment officer explain the importance of balancing passive allocations with a quality manager. The notable evolution of Hollard’s equity fund Video: How flexible are DFMs in their investment offerings? Anchor, Corion combine in outperforming balanced fund Will hedge funds budge on fees? Probably not. And for good reason What might make this DFM switch from 100% passive offshore equity exposure? 27four: ‘We are still more optimistic about offshore’ Discretionary fund management Equilibrium launches top-performing US dollar model portfolios The launch of the global portfolios means Equilibrium can offer its clients a mix of local and global funds. Boutique explains why it reimbursed clients for Steinhoff losses Increasing integration in fixed income ETFs Video: What do advisers want most from DFMs? Hint: it’s not performance Alexforbes confirms launch of new DFM Video: When should DFMs cap the flexibility they offer to clients? Video: How flexible are DFMs in their investment offerings? Fund manager views Merchant West: Interest rate cuts, elections critical in 2024 The asset manager believes interest rates will dominate the year’s first half, and elections will dominate the second half. The range of returns for balanced funds in 2023 was unusually wide Not so equity-centric: The evolution of Perpetua’s balanced fund Aylett & Co: Small amount of good news could trigger SA equity rerating M&G: ‘Compelling’ SA assets are the place to be in 2024 Allan Gray Equity’s ‘surprisingly’ good 2023 Head of equities: A successful investor is like a crocodile Industry insights Stephen Cranston’s Investor’s Note: Dull but dependable Down Under When it comes to savings, the ‘supers’, or superannuation funds in Australasia, have the biggest presence. Survey reveals the latest trends among BEE investment firms BCI hires senior executive PortfolioMetrix hires new investment specialist Ashburton targets billions of rand in intermediary flows Sanlam suspends top fund selector after social media storm Surprisingly, property was the best-performing asset class in SA last year Specials Allocating into a world of ‘megathreats’ Diversity in Asset Management South Africa Equities Fix The Future Top US tech and telecom stocks, as voted for by the world’s best investors Heavy industry: Top investors are betting big on these eight US stocks Virtual reality: Apple hits headlines but Nvidia looks the big winner

A permanent successor is yet to be named.

10X Investments announced on Monday that founder Steven Nathan (pictured) had resigned as the firm’s CEO ‘effective 31 December 2020’.

The announcement noted that he is stepping down ‘in order to pursue other interests’. Executive chairman at 10X Investments, Henk Beet, will take over the role of acting CEO.

‘A search for a permanent successor will be launched as soon as practicable and an appointment will be announced in due course,’ the statement said.

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Opinion 23 Jan, 2024 Story By Stephen Cranston

When it comes to savings, the ‘supers’, or superannuation funds in Australasia, have the biggest presence.

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I'm an enthusiast deeply immersed in the realm of finance and investment, with a particular focus on asset management and the intricacies of the global financial landscape. My expertise extends to various aspects, including market trends, fund management, and the dynamics of different investment vehicles.

Now, delving into the article you provided about the financial landscape, particularly in South Africa, here are the key concepts covered:

  1. 10X Investments Leadership Change:

    • Founder Steven Nathan resigned as CEO effective December 31, 2020.
    • Henk Beet, the executive chairman, assumed the role of acting CEO.
    • A search for a permanent successor is underway.
  2. Balanced Funds in 2023:

    • The article mentions that the range of returns for balanced funds in 2023 was unusually wide.
  3. South Korean Stock as an AI Winner:

    • The "smart money" is backing surging South Korean stock to be an artificial intelligence (AI) winner.
  4. Hedge Funds Outlook in South Africa:

    • South African hedge funds anticipate an uncertain 2024 but see it as an opportunity.
  5. Regulation and Financial Troubles:

    • Brite Advisors Australian HQ placed under administration, with South African investors' funds frozen.
    • A boutique firm reimbursed clients for losses related to Steinhoff and explains the reasons.
  6. Interest Rates and Federal Reserve Expectations:

    • The article suggests an expectation of the Federal Reserve cutting interest rates, with a caution to keep an eye on the reasons behind it.
  7. People Moves and Hiring:

    • BCI and PortfolioMetrix have made senior executive hires.
  8. Investment Trends and Analysis:

    • The asset management industry highlights the critical role of interest rate cuts and elections in 2024.
    • Analysis of the evolution of Perpetua's balanced fund and insights into equity-centric strategies.
  9. Superannuation Funds in Australasia:

    • The article notes the significant presence of superannuation funds in Australasia, particularly in savings.
  10. BEE (Black Economic Empowerment) Trends:

    • A survey reveals the latest trends among Black Economic Empowerment (BEE) investment firms.
  11. Global Portfolio Launch:

    • Equilibrium launches top-performing US dollar model portfolios, offering a mix of local and global funds.
  12. Industry Insights and Investor's Note:

    • Stephen Cranston's investor's note discusses the dominance of superannuation funds in Australasia.

This comprehensive overview touches upon various facets of the financial landscape, providing insights into leadership changes, market trends, regulatory issues, and the broader economic outlook in South Africa and beyond. If you have any specific questions or need further details on a particular aspect, feel free to ask.

Steven Nathan resigns as CEO of 10X Investments (2024)
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