INVESTING FOR THE FUTURE
Palmyra Asset Management is a fund manager that invests money on behalf of its institutional and individual clients.
With an experienced and focused investment team, Palmyra enriches its clients’ lives and compounds their wealth over time.
Our Investment Aim
Palmyra’s objective is to grow all assets allocated to the team in real, inflation-beating terms over the long-term and to ensure protection from any permanent capital loss.
Palmyra Asset Management invests in good quality businesses at the right price level, which significantly reduces the potential for any permanent capital loss.
We identify opportunities through a top-down, bottom-up, fundamental investment process.
1. Know the business
- We invest in businesses that we have researched thoroughly and therefore know well.
- We do not invest in businesses with excessive financial leverage.
- We do not invest in businesses where there are major concerns about management.
2. Know the price
- We appraise what the business is worth in a worst-case scenario.
- We do not overpay for an investment.
3. Know the correct weighting
- We do not over extend a position.
- We limit the weight of any investment that we believe to have a higher risk.
4. Know the investment case
We only invest if there is a margin of safety.
All investments carry some degree of risk, but at Palmyra we only invest if there is an adequate margin of safety built into our own valuations.
Invest in good businesses with shareholder-oriented managers and low financial risk when valuations are attractive.
Thinking and acting like long-term business owners in a market focused on the short-term.
MD and CIO
Prior to joining Cadiz, he was employed at Momentum and has gained international experience at Lloyds of London. Adrian has extensive knowledge and experience in the wealth management industry and has been actively involved in financial services for over 22 years, he has been actively managing portfolios since 2006.
Adrian joined Warwick Wealth in 2006, initially as an Investment Specialist and was later appointed as Regional Manager of Cape Town. He has subsequently held several key positions within Warwick, becoming the Managing Director of Warwick Private Clients and Head of Asset Management. In 2016 he was appointed as the Managing Director of Warwick Asset Management where he remains a Key Individual and approved asset manager.
With the Spirit Group’s acquisition of Cadiz Asset Management in May 2018, Adrian was appointed as the Managing Director of Cadiz Asset Management.
Chief Financial Officer
Before joining Cadiz Tiaan spent five years at Woolworths in the Corporate Finance division, first as Group Accountant and subsequently moved into the Africa division where he played an integral part in growing the business across the continent. Tiaan has a wealth of experience when it comes to dealing with IFRS and Taxation.
He joined Spirit Invest in 2015 where he started as the Head of Finance. Tiaan was promoted to Financial Director of Spirit Invest at the beginning of 2017.
Chief Operations Officer