Profiles 15 Jan, 2024
Jean Pierre Verster needs no introduction
Asset Management Industry 11 Jan, 2021
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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Profiles 15 Jan, 2024
Jean Pierre Verster needs no introduction
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Specials
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:
-
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.
-
Balanced Funds in 2023:
- The article mentions that the range of returns for balanced funds in 2023 was unusually wide.
-
South Korean Stock as an AI Winner:
- The "smart money" is backing surging South Korean stock to be an artificial intelligence (AI) winner.
-
Hedge Funds Outlook in South Africa:
- South African hedge funds anticipate an uncertain 2024 but see it as an opportunity.
-
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.
-
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.
-
People Moves and Hiring:
- BCI and PortfolioMetrix have made senior executive hires.
-
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.
-
Superannuation Funds in Australasia:
- The article notes the significant presence of superannuation funds in Australasia, particularly in savings.
-
BEE (Black Economic Empowerment) Trends:
- A survey reveals the latest trends among Black Economic Empowerment (BEE) investment firms.
-
Global Portfolio Launch:
- Equilibrium launches top-performing US dollar model portfolios, offering a mix of local and global funds.
-
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.