PLATINUM INVESTMENT MANAGERS

Platinum Investment Managers (Pvt) Limited is the fund management division of Platinum Groupe (Pvt) Limited. It is a registered fund manager in terms of the Asset Management Act, (Chapter 24:26). The company was founded in 1999, as the asset management division of MBCA Holdings Zimbabwe (a subsidiary of Nedbank SA), before being incorporated under Platinum Groupe after the landmark sale of the company in March 2010.

Since then, Platinum Investment Managers has overseen remarkable growth in the portfolio of private and institutional investments, pension funds and unit trusts. This has been premised on a solid foundation of trust generated from reliability and transparency of its investment philosophies and strategies. It has created for itself a reputation of integrity, honesty and consistency performance. While following a customer focused approach in investment solutions, the following are available products at Platinum Investment Managers;

Products And Services

Offering a mixture of equity, fixed income and real estate strategies. Most popular product for long term investors such as Pension Funds.

 

Key features and Benefits

  • Balance between Income and Growth (reduces risk).
  • Low volatility of returns.
  • Combination of Fundamental Active Management for better results.
  • Optimal liquidity and flexibility (allows access to cash when needed
  • Customer focused solutions in Alternative Assets such as property development, property acquisitions, real estate management, infrastructure, private equity and structured notes.
  • PIM has developed a unique positioning in the delivery of real estate solutions to client portfolios across the value chain and with a strong footprint in all property sectors.

 

Key features and benefits

  • Essential for value preservation
  • Key in volatile macro environments susceptible to inflationary pressures.
  • Possibility for above market returns through structured notes and private equity
  • Investments are focused on getting an exposure in properties within the residential, commercial and industrial sectors.
  • Investments are made in consultation with the client regarding which specific properties to buy, sell or build in line with return expectations.
  • Fixed income securities are investments that provide a return in the form of fixed periodic payments and the eventual return of principal at maturity; unlike a variable income security, the payments of a fixed income security are known in advance
  • Investments are done on instruments such as Treasury Bills, Bankers Acceptances and Fixed Deposits with stable financial institutions.
  • Designed to outperform client benchmarks through superior security selection, yield curve positioning and interest rate forecasting.

Key features and Benefits

  • Provides capital protection and a defined income stream thereby enhancing financial planning.
  • An opportunity to save money for emergencies or for a short-term goal.
  • Low volatility of returns.
  • Diversified and secure portfolio of fundamentally selected high quality bonds and money market investments.
  • Active exposure to high risk adjusted fixed income returns currently obtaining in the money market.
  • Dynamic and comprehensive risk management that cushions the capital invested
  • Equities refer to financial instruments that signify an ownership position in a company and represents a claim on its proportionate share in the company’s assets and profits.
  • Focusing on stock selection with the capacity to provide client specific, specialist mandates with a bias to growth (or value if required).

Key Benefits and Features

  • Offers the opportunity of income from dividend paying stocks and capital gains.
  • Low risk from careful selection of value stocks.
  • Provides access to the highest quality stocks at the ZSE.
  • Low portfolio turnover, underpinned by a long-term outlook.
  • Stable portfolio performance through market cycles.

Minimum Investment amount          $ 1,000

Management Fees                                    1.5% p.a

Our proposed management fee structure is as follows;

  • A base management fee calculated monthly on market value of the fund on the closing day of the month as follows:
  • Fund Value ≤ $ 250,000 – a base fee of 1.25% p.a. is proposed
  • $ 250,000.01 ≤ Fund Value ≤ $ 499,999.99 – a base fee of 1.10%p.a. is proposed.
  • $ 500,000 ≤ Fund Value ≤ $ 999,999.99 – a base fee of 1%p.a. is proposed.
  • Fund Value ≤ $ 1,000,000 – a base fee of 0.75% p.a. is proposed.

 

  • A performance bonus of 10% of the “relative value added” paid annually. Relative Value Added is a measure of excess return above a pre-specified Benchmark.
  • The performance bonus is conditional upon a “high watermark provision”. This provision states that a performance bonus can only be paid if absolute portfolio value is above the all- time historical high. Thus, even if there is benchmark outperformance in a particular year but the portfolio value is still below the “high watermark”, no performance fees shall be paid.
  • It should be noted that the final fee structure is subject to adjustment and refinement in line with client input.

 

Individual Investors

Minimum Investment amount          $ 1,000

Management Fees                                    1.5% p.a

Institutional Investors

Our proposed management fee structure is as follows;

  • A base management fee calculated monthly on market value of the fund on the closing day of the month as follows:
  • Fund Value ≤ $ 250,000 – a base fee of 1.25% p.a. is proposed
  • $ 250,000.01 ≤ Fund Value ≤ $ 499,999.99 – a base fee of 1.10%p.a. is proposed.
  • $ 500,000 ≤ Fund Value ≤ $ 999,999.99 – a base fee of 1%p.a. is proposed.
  • Fund Value ≤ $ 1,000,000 – a base fee of 0.75% p.a. is proposed.

 

  • A performance bonus of 10% of the “relative value added” paid annually. Relative Value Added is a measure of excess return above a pre-specified Benchmark.
  • The performance bonus is conditional upon a “high watermark provision”. This provision states that a performance bonus can only be paid if absolute portfolio value is above the all- time historical high. Thus, even if there is benchmark outperformance in a particular year but the portfolio value is still below the “high watermark”, no performance fees shall be paid.
  • It should be noted that the final fee structure is subject to adjustment and refinement in line with client input.

 

Directorate

SAM ENIKIAS MAGOMBEDZE

SAM ENIKIAS MAGOMBEDZE

Non-Executive Chairman – PIM

Sam has been a Non-Executive Chairman of the Board since May 2004 and over the years provided valuable leadership and guidance to the business. His vast business experience has immensely benefitted the company. Sam is the former Commercial Director of Tanganda Tea Company (Pvt) Ltd, a subsidiary of Meikles Africa (Pvt) Ltd, and the largest manufacturer and exporter of tea in Zimbabwe. He has extensive experience in the public, manufacturing and mining sectors having worked for several companies at senior management level in the mining, public auditing and accounting, agricultural, agro-processing, pension and packaging industries. Sam is also a Non-Executive Director in a number of companies, among then Cumar Investments (Pvt) Ltd, Quepak (Pvt) Ltd, Roxton Investments (Pvt) Ltd and Africom (Pvt) Ltd. Sam also holds a BA in Business Studies (Accounting and Finance) and a Masters in Business Administration from the University of Zimbabwe.

ABISAI MAXIE CHINGWECHA, (FCCA)

ABISAI MAXIE CHINGWECHA, (FCCA)

Non-Executive Director

Currently Abisai is the Group Finance Director of TS Holdings (Pvt) Ltd, the largest supplier of plastic resins, masterbatches and sythentic hair in Zimbabwe. Abisai has extensive experience in the retail and manufacturing sector having worked for several companies in the clothing, chemicals, steel, agricultural, detergents, printing and plastic industries. This useful experience brings valuable knowledge to the company. He is a Fellow of the Association of Certified Chartered Accountants (FCCA), and a Registered Public Accountant in Zimbabwe. Abisai is an Executive Director of Blue Track Investments (Pvt) Ltd, Stenhop Investments (Pvt) Ltd, and Autoflow Investments (Pvt) Ltd, and also sits as a Non-Executive Director on the Boards of several private companies. Abisai also holds a Bachelor of Accounting Science Degree (BCompt) (UNISA) and is a Certified Chartered Accountant (ACCA).

CLETUS NYACHOWE

CLETUS NYACHOWE

Non-Executive Director

Cletus is the Director of Business Development of Global Power, an infrastructure development company. His sound experience and competence in organizational leadership, policy and strategy formulation and execution, projects management, commercial contracts negotiation and execution, business development and corporate governance has benefitted the company in many ways. Cletus sits on the boards of ZB Reinsurance (Pvt) Ltd, Harare Institute of Technology and ZESA Pension Fund. Previously, Cletus worked as the Executive Director (Group Operations) at ZESA Holdings, Managing Director (Powertel Communications), Grid Assets Manager (ZESA), Regional Transmission Engineer (ZESA), Risk Engineering Surveyor (ZIMRE). He is a fellow of Zimbabwe Institution of Engineers, a Senior Member of the Institute of Electrical and Electronic Engineers, and a member of South African Institute of Electrical Engineers. Cletus’s academic qualifications include a Masters of Business Administration Degree and a BSc Engineering (Honours) Degree in Power and Electronic Engineering, both from the University of Zimbabwe.

CASSIUS GAMBINGA, CA (Z)

CASSIUS GAMBINGA, CA (Z)

Non-Exécutive Director

Cassius is the Finance Director at Infrastructure Development Bank of Zimbabwe. Cassius has more than 15 years experience in business management at top level in manufacturing and banking sectors and the business stands to benefit from his vast experience in management development, strategic planning, financial management, internal auditing and general business operations. In his career, Cassius served as an Executive Director and Chief Operating Officer for Premier Finance Group (Pvt) Ltd, Finance Director of Premier Banking Corporation (Pvt) Ltd, Divisional Finance Director for PG Industries (Pvt) Ltd, Chief Internal Auditor for Universal Merchant Bank of Zimbabwe and Finance Manager for Turnall. Cassius who is a Chartered Accountant CA (Z) holds a Bachelor of Accounting (Honours) Degree from the University of Zimbabwe and is also a Chartered Public Accountant.

PROSPER MAPIKA, CFA

PROSPER MAPIKA, CFA

Managing Director – PIM

With over 10 years’ experience in the fund and investment management markets, Prosper brings valuable experience to the Platinum Groupe Board in the key area of investments management. Prosper holds a B Comm. Banking (NUST), an MSc. in Finance and Investments (NUST) and is a CFA Charter Holder, from CFA Institute of America. Prosper is a skilled investment analyst who sat in the Judges and Analysts Panel of the Fingaz Top Twenty Companies survey from 2005 to 2013. Prosper was incorporated into the pioneering Platinum Groupe Board, responsible for investment management and advisory, and is also the Managing Director for Platinum Investment Managers.

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