Who is Kgori Capital?Kgori Capital is a Botswana focused investment manager. We provide client driven local and international investment solutions to pension funds, corporates, charities, and private clients. Established in 2012, the firm has been built from start-up into a growing business managing in excess of BWP 5 billion on behalf of third party clients as at 31 December 2017. The firm seeks to create a profitable partnership between clients, shareholders and employees, and to exceed expectations for both client service and investment performance. Who owns Kgori Capital?Kgori Capital is 100% Botswana citizen owned. It is wholly owned and controlled by management and staff and operates as an independent firm. We are proud to be one of very few citizen majority controlled asset management firms in Botswana. Our ownership philosophy is that the majority of the shareholding in Kgori Capital is held by the people who work in the firm and generate value for clients, rooted in an unwavering commitment to always be a true reflection of our society in the composition of our leadership and our team. Who leads Kgori Capital?Mr. Alphonse Ndzinge is the Managing Director and Chief Investment Officer of Kgori Capital. Alphonse Ndzinge is a founding partner and has been an Executive Director as well as a member of the Management Committee (MANCO) of Kgori Capital since inception of the firm in 2012. Mr. Ndzinge is supported by Ms. Sharifa Noor, the Chief Operations Officer of Kgori Capital. Ms. Noor is also a founding partner and has been an Executive Director as well as a member of the Management Committee (MANCO) of Kgori Capital since inception of the firm in 2012. What is the experience of the Kgori Capital Management?The Kgori Capital Management team have a combined 29 years’ experience managing retirement funds in Botswana. We believe this gives us a unique understanding of the market and the sector. What are the core investment capabilities of Kgori Capital?Kgori Capital is a multi-specialist investment management firm with five core investment capabilities. These are: Domestic Equity, Domestic Fixed Income, Domestic Multi-Asset, Global Multi-Asset, and Alternatives. What offshore manager capabilities does Kgori Capital have?Kgori Capital applies an open architecture model with the full discretion to use both internal strategies as well as external managers to access asset class convictions for offshore investments. Kgori Capital has a strategic partnership with PineBridge Investments to support our offshore investments capabilities. PineBridge Investments is a global asset manager with US$85 billion in client assets under management and with broad capabilities and established track records across all asset classes, in emerging and developed markets.PineBridge Investments has a global presence across 17 countries and jurisdictions operating in regional centres in Asia, North America, Europe, South America and Africa. The company has an extensive platform of multi-asset, fixed income, equity and alternative investment capabilities. Kgori Capital primarily utilises PineBridge Investments’ Multi-Asset platform. Our partnership model emphasises an integrated and transparent structure between the two firms with active knowledge sharing of asset allocation research, portfolio implementation & construction, including risk budgeting, and third party manager selection. What is Kgori Capital’s investment philosophy?We are valuation focused managers. Our investment philosophy is to assess the intrinsic value of a security and invest in that security when the market value of the security is less than its intrinsic value, taking into account a margin of safety. The rationale behind this philosophy is the belief that the price of the security will ultimately reflect its true worth and our clients’ portfolios will benefit from these mis-pricings.