Allan Gray Quarterly Commentary: December 2011

Comments from the Chief Operating Officer

Rob Dower

Over the tumultuous past year, the returns from lump sum investments in the Allan Gray Balanced, Stable and Equity Funds differ by less than 3%, and over the five years since the beginning of the financial crisis, the annualised difference between these three is 0.5%. In both cases the Stable Fund leads the pack. For valuation-oriented investors... read more

It is the price you pay that counts, not the headlines -

Andrew Lapping

People enjoy stories; they are fun. This is true in all facets of life, including investing... read more

Things you can control, and things you cannot -

Trevor Black and Jonathan Brodie

We can be certain that the world will always be full of uncertainties - and the last few years have confirmed this fact... read more

Everything can be improved -

Michael Summerton

We are obsessed with always providing you with the best service and hope that, if we fall short of these standards, you will complain... read more

Anglo American: Getting what you pay for? -

Rory Kutisker-Jacobson

Given the surge in commodity prices since the turn of the century, one might be surprised to learn that an investment in Anglo... read more

New Dividend Withholding Tax: how will it affect you?-

Carla Rossouw

In a bid to improve the transparency and equity of the tax system, and ultimately to try and align South African practices with... read more

Allan Gray Orbis Foundation update -

Anthony Farr

The Allan Gray Orbis Foundation continues to work tirelessly in developing a new generation of high impact entrepreneurial leaders... read more