In the 1994 action movie Speed, the plot follows the travails of LA cop Jack Traven as he tries to save the passengers aboard a bus travelling through Los Angeles which is rigged to explode if the speed drops below 50mph. It’s a classic action-packed 90’s flick (and apologies if you’d been anxiously waiting 30…

In order to generate alpha in financial markets, you must have a view that differs from the consensus, and of course you have to be correct (it’s even more fun if you’re right quickly too). Generally, following what is being reported in the news will get you at best the market’s return, and, much more…

We successfully shorted South African ICT services company EOH, formerly a market darling, from R145 down to R15, based on our forensic analysis of their accounting. It ultimately emerged (in the Zondo Commission) there was a culture of pervasive corruption in addition to accounting malfeasance and overstating of earnings. Here is the story:  We generally…

André Steyn recounts the story of how a century old German jewellery brand who was on the cusp of a significant investment from Richemont turned out to be a fraud. I was working as a hedge fund manager in London when a very well-regarded US fund manager suggested I take a look at Eganagoldpfeil as…

André Steyn of Steyn Capital Management has been a highly successful fundamental short seller for more than two decades. Here he is recounting one of his more memorable shorts. Back in 2007, I was CEO and Partner at the UK arm of a billion dollar hedge fund, and one of the more colourful shorts in…

In this volatile market environment, we are always on the lookout for low-risk arbitrage ideas to generate strong returns, without taking on market risk says, André Steyn: CA(SA), CFA, Chief Executive Officer and Chief Investment Officer at Steyn Capital Management. As a hedge fund manager, our ability to short means that we can eliminate parts…

With a track record spanning over 13 years Steyn Capital Management’s longest running fund has outperformed the stock market by over 4% a year while taking on only a quarter of the market’s risk. Interviewed by Chloé Mulder on Boutiques Connect, an Asset TV video channel, André Steyn, CEO and Chief Investment Officer of Steyn…