Mark Dunley-Owen

Mark joined Allan Gray in 2009 as an equity analyst. He started managing a portion of the fixed interest portfolios in July 2011, and a portion of the stable portfolios in May 2013. He was appointed as a portfolio manager in January 2012. In September 2020, Mark joined Orbis as a member of the Bermuda Investment team. He is also a director of Allan Gray Bermuda Limited. Mark holds a Bachelor of Business Science (Honours) degree in Finance and Information Systems from the University of Cape Town.

Articles by Mark Dunley-Owen

African sovereign debt: Is a reality check looming?

By Mark Dunley-Owen on 26 Jan 2021

Reading time: 3 mins

Despite deteriorating economic fundamentals, Africa’s financial markets made a remarkable recovery in 2020. Mark Dunley-Owen discusses the price distortion i...

The end of the free lunch

By Mark Dunley-Owen on 17 Apr 2020

Reading time: 4 mins

There is no such thing as a free lunch. Yet recent times have provided South African savers with something close to this, as risk-free returns from money...

Is it time to invest in listed property?

By Mark Dunley-Owen on 25 Jan 2019

Reading time: 10 mins

There is a perception that we do not regard listed property as an attractive investment for our clients. This is not the case. It is, however, true that our...

If South Africa was a company would you include it in your portfolio?

By Mark Dunley-Owen on 04 Aug 2017

Reading time: 3 mins

Sentiment towards South Africa is poor. It is tempting to believe that excessive bad news is priced into South African assets, which should deliver attractiv...

Should you have bonds in your portfolio?

By Mark Dunley-Owen on 31 Mar 2017

Reading time: 9 mins

Bonds are boring, or so the saying goes. A better interpretation is that bond returns are less volatile than equity returns, most of the time...

Stable Fund update: How to invest in ‘interesting’ times

By Mark Dunley-Owen on 15 Jul 2016

Reading time: 4 mins

‘May you live in interesting times' is an English expression which many believe to be a translation of a traditional Chinese curse. The expression seems to...

Commodities: Opportunity or risk?

By Mark Dunley-Owen on 31 May 2016

Reading time: 4 mins

We are ‘bottom-up’ investors who pay more attention to valuations than to macroeconomic forecasts. We do extensive research to calculate what we believe is...

Standard Bank: Has anything changed?

By Mark Dunley-Owen on 30 Sep 2013

Reading time: 7 mins

Standard Bank is a Top Five holding in the Allan Gray Equity and Balanced Funds. Mark Dunley-Owen discusses why we believe it is an attractive investment for...