Leonard Krüger

Leonard was employed at Allan Gray from July 2007 to August 2020. He joined Allan Gray as an equity analyst, began managing a portion of client equity and balanced portfolios earmarked for associate portfolio managers in July 2014, and was appointed as portfolio manager of the stable portfolios in November 2015. Leonard holds a Bachelor of Science (Honours) degree in Actuarial Mathematics from the University of Pretoria and is a qualified actuary.

Articles by Leonard Krüger

Broadened horizons, local learnings

By Nick Ndiritu and Leonard Krüger on 22 Oct 2019

Reading time: 7 mins

Leonard Krüger and Nick Ndiritu look at how we have tailored our investment philosophy and process to invest in Frontier Africa markets. They discuss lessons...

Long-term investing should have nothing to fear from the Viceroys

By Leonard Krüger on 19 Apr 2018

Reading time: 7 mins

Activist short sellers have been a prominent feature in stock markets for many years. It’s easy to get caught up in the hype when their ideas hit the news....

Allan Gray welcomes new Group Five board

By Leonard Krüger on 24 Jul 2017

Reading time: 1 min

Allan Gray welcomes the results of today’s Group Five shareholders’ meeting, where eight individuals were elected to serve on Group Five’s board as...

How much risk can you take?

By Leonard Krüger on 30 Jun 2017

Viewing time: 1 min

Risks are elevated in the current environment. This means you should think about how much risk you are prepared to take on...

Nuanced numbers and valuation pitfalls

By Leonard Krüger on 30 Sep 2016

Reading time: 8 mins

We pick shares for client portfolios following a rigorous, bottom-up, fundamental research process. This involves, among many other considerations, the caref...

Astral Foods: Unappreciated Quality

By Leonard Krüger on 30 Jun 2014

Reading time: 5 mins

Good quality companies at decent prices are hard to come by these days on the local market. Leonard Krüger explains the investment case for Astral Foods.