For those who buy into long-term value investing there is an interesting product listing today on the JSE that might pique your interest.
It is a closed end fund managed by leading value investor Piet Viljoen from RE:CM and is trading under the name RE:CM & Calibre (RAC) on the JSE.
Effectively the fund will be managed by these guys (who hold a high level of ownership in the underlying fund) and they'll be kicking off with R450m in cash.
The mandate for this fund is more flexible than a typical unit trust and can invest in debt, unlisted investments etc.
Don't expect fireworks from it initially but I will probably try and pick up a few during the course of trading today.
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