Ruan Stander

Ruan Stander

Ruan joined Allan Gray in 2008 and is a quantitative and equity analyst as well as the portfolio manager of the Allan Gray Optimal Fund. Ruan managed a portion of client equity and balanced portfolios earmarked for associate portfolio managers from March 2013 and was appointed as portfolio manager of these portfolios in November 2015. He has an Honours degree in Financial and Actuarial Mathematics, is a certified GARP Financial Risk Manager and a qualified actuary.

Articles by Ruan Stander

Equity Fund update: Taking a look at British American Tobacco

By Ruan Stander on 08 Feb 2019

2018 was a disappointing year for South African equity investors, with the FTSE/ JSE All Share Index returning -9%. The good news is that based on our resear...

An investment case for Naspers

By Ruan Stander on 17 Oct 2018

As at 30 September 2018, Naspers made up 18.2% of the JSE. Whether you are for or against the stock, adequate time needs to be devoted to considering the...

Equity Fund update: Patience is key in investing

By Ruan Stander on 10 Nov 2017

Despite the high price-to-earnings (PE) ratio of the FTSE/JSE All Share Index (ALSI), our bottom-up investment process is finding attractive opportunities th...

An investment case for Life Healthcare

By Ruan Stander on 31 Dec 2016

Recent news about private hospital operator Life Healthcare’s international investments has created negative sentiment about the company’s ability to allocat...

Equity Fund update: Volatility presents opportunity

By Ruan Stander on 25 Jul 2016

The economic outlook deteriorated during the second quarter, exacerbated by the British referendum. Although the market’s perception of near-term headwinds m...

Diamonds in the rough

By Leonard Krüger, Ian Liddle, Birte Schneider, Victor Seanie and Ruan Stander on 31 Mar 2014

Small- and mid-cap companies make up 16% of the FTSE/JSE All Share Index, but 25-30% of our clients' South African equity holdings. Although many of these...

Buy OUTsurance

By Ruan Stander on 31 Mar 2013

In capitalism it is most often the case that competitive advantages do not last. One only needs to think about the ongoing competition between cellphone...

Tobacco economics

By Ruan Stander on 30 Jun 2012

Most industries have a single factor that helps investors to understand them better. Unfortunately for investors looking for easy wins, it does not necessari...

Sanlam justifies heavy weighting

By Ruan Stander on 31 Mar 2010

The recent financial crisis was a stark reminder of the impact that management has on the wellbeing of a financial services business. With complex products a...

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