Kagiso Tiso Holdings , the investment arm of the Kagiso Trust and Tiso Foundation, has sold its majority stake in Kagiso Asset Management as it restructures its investment portfolio to hold fewer, bigger investments, bringing an end to a fruitful 20-year relationship.
“It is important for staff to be able to control their own destiny in high IP companies like ours,” says Roland Greaver, who co-founded the business with Gavin Wood 20 years ago. With the exit of the majority shareholder, KAM will change its name to Camissa Asset Management. Camissa is an ancient Khoi name for Cape Town, where KAM’s head office is located, and means “Place of Sweet Waters”, in reference to the streams that flow down from Table Mountain.
But growth will not come at all costs. KAM, or Camissa as it will shortly be known, will remain a mid-sized asset manager. “We do not want to grow too large for the SA equity market as this will limit us to the JSE Top 40.”
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