Investment Review – February 2023

Market Indicators

  • JSE All Share (ALSI) 77,733.87
  • Rand/Euro R 19.45
  • Rand/Pound R 22.19
  • Rand/US Dollar R 18.35
  • Rand/Aus Dollar R 12.37

Hotel California

Recently, activist hedge funds have taken up residence in Silicon Valley. But in most cases, they’re unlikely to stick around for long. But why have they checked in and what are their intentions? In this article, we profile some of Hotel California’s newest guests and ask what their coming tells us about the state of the US tech sector.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.