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Thursday, April 9th, 2020

Meet Ninety One’s Hendrik du Toit: No regrets about listing in middle of Covid-19 Crash

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by March 20, 2020 Financial News

BizNews — Among the paradoxes of business is the way successful entrepreneurs love attracting people who are just like them – but usually baulk at giving them their own wings. Eventually, however, sanity does prevail. But for Hendrik du Toit, who started Investec Asset Management with a phone and a briefcase in 1991, that journey took 29 years. Du Toit and his tightly knit team who manage 120bn in assets for clients around the world, last week celebrated their independence with the listing of their newly renamed Ninety One in London and Johannesburg. Poor timing perhaps – but as Du Toit explains in this wide-ranging interview, the team which now owns 20% of the business, are not losing any sleep over a share price that’s half what was expected ahead of the Covid-19 Crash. They’re taking the long view. As any sane money manager needs to. – Alec Hogg …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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