|Who should I contact if I require further information?
|In the first instance contact the Investment Advisor. A detailed Offering Memorandum can be downloaded.
|What returns will I get?
|No one can say. Over the long term, total returns from equities have typically been around 10% pa compound.
|Will the Fund returns be poor if the US dollar weakens?
|No. While the Fund reports in US dollars, the underlying securities are spread around the globe, thereby offsetting currency risks.
|What is your investment philosophy?
|Please download from the Reports section of this website, under Research, my 23 April 2004 note that details my investment philosophy.
|Is Diamond Capital a "value" manager?
|This is diversified geographical and sectorial stock picking long short Fund, with equities trading above (shorts) or below (longs) their intrinsic value. A company's growth prospects are however an important elemnent of a company's instrinsic value.
|When did Diamond Capital start?
|Diamond was founded on the 1st of January 2001.
|Is Diamond Capital a hedge fund?
|No. The strategy of the fund is to generate maximum absolute returns. So the fund can be 100% long, 100% short or any where in between. The fund does not try to be market neutral - which is a sub-optimal long term investment strategy.
|How can you possibly cover thosands of companies on the key global stock markets.
|Porfolio performance is built one investment at a time. Successful investment decisions are based on prudent expectations of rising profits, not an idea or a theme. Bottom up fundamental analysis is invaluable to determing the price at which to buy and the price at which to sell.
|How long should I remain invested in the Fund?
|The power of compounding becomes significant over time. Market conditions vary from time to time, but the longer you invest, the more chance you have of receiving high absolute returns.
|Surely small funds have a disadvantage over the large institutional funds?
|The large managers surrender flexibility and have difficulty in bringing their substantial resources to bear. Benjamin Graham never did a single company visit.
|Why are you not a BEE company?
|The Fund puts the interests of investors before the owners of the business. Meritocracy is the foundation for long term investment success, not BEE credentials to aid asset gathering.
|There are 8 primary ways in which DCF differs from other investment management firms:
|1. We focus on absolute returns and have a long term track record of achieving this; 2. The investment process is research intensive, clearly defined and has been consistently applied for 12 years; 3. The Fund Manager has 18 years of portfolio management experience; 4. The opportunistic investment approach provides flexibility that large managers lack; 5. The Fund is concentrated in high conviction / high quality investments; 6. The focus is long term investing, not short term speculating; 7. The manager is heavily invested in the fund. We prosper only if our investors prosper; 8. We are focused on only one target, managing the fund and are not distracted by anything else.
|What is your goal?
|To provide financial peace of mind for our investors by generating superior investment returns.
|What are your competitive advantages?
|A. Follow a disciplined process of proprietary fundamental research. B. The small Fund has a large opportunity set of under researched stocks to pick from. C. The Fund has low portfolio turnover and follows a "long term" investing philosophy. D. Geographically isolated from all the daily noise and distractions of Wall Street.
|What is your view of the Rand?
|Currencies are notoriously difficult to forecast. When fund fund started in 2001 the rand was 7.79 to the USD.
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