allan gray

Fund Manager Q&A

"As soon as you start to get comfortable in a particular stock or company, we're generally selling and finding the next uncomfortable thing to own." That’s the contrarian nature that exists at Allan Gray and is reinforced by their fund managers. In the latest installment of our Fund Manager Q&A,... Show More

Expert Insights

Contrarian investing is like an extreme form of value investing; contrarians will make investments that even a bold value manager would baulk at. It’s a fact of investing in unloved (and, in some cases, distressed) companies that some of the companies you invest in will fail. Simon Mawhinney, Chief Investment... Show More

Expert Insights

When you invest in a business like AMP, nobody stops you in the street to tell you what a great investment it is. While the businesses that AMP run may not look very appealing, Simon Mawhinney, Chief Investment Officer at Allan Gray Australia, says it’s the price that you pay... Show More

Podcasts

Contrarians can be a lot like teenagers: they think they’re all different but end up looking the same. This however, is not true of this week’s guest, Tim Hillier from Allan Gray. Case in point: when asked what stock he’d own if the market were to close for five years,... Show More

It is not easy being a financial adviser. As fund managers it is our job to deliver the best returns we possibly can with the mandate we are given, but an adviser’s job is arguably a lot tougher. Clients work for years, entrusting their hard-earned money to advisers. Understandably that... Show More

Sigma is a wholesaler of pharmaceutical products. It acts as an intermediary distributor that buys drugs from manufacturers and sells them to the pharmacies that ultimately dispense these drugs to Australians in need. Some of these pharmacies operate under one of Sigma’s banners (see Figure 1), while others are independently... Show More

Expert Insights

Baron Rothschild famously told investors to ‘buy when there’s blood in the streets’, but buying opportunities like the GFC don’t come around often. How can investors find contrarian ideas at other times? Simon Mawhinney from Allan Gray, which specialises in contrarian investing, addresses this question in the video below. ... Show More