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FOREWORD | ISSUE 50 | 2nd QUARTER 2019

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The Bears Are At The Door (And Why We Should Embrace Bear Markets)

One of the longest global bull markets in living memory wound down in 2018. PAUL CLUER takes a closer look at bear markets and what they mean for long-term investors.

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The Year In Review 2017

What a difference a year can make. After a blistering 2017 when JSE and global equities surged over 20% and most asset classes delivered double digit returns, 2018 stood in stark contrast. MICHAEL TOWNSHEND looks back at the year that was.

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FOREWORD | ISSUE 49 | 1st QUARTER 2019

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Prakash Desai

Non-Executive Director

Prakash Desai

Prakash Desai

B. Compt (Hons), CA(South Africa), ACA (Australia), CA (Singapore)

I leverage my professional experience to help Foord build strong credibility with its international business partners, investors and the regulators who have oversight over its international operations.


"I enjoy the challenge of helping Foord expand its global footprint."

Brian Arcese

Portfolio Manager and Equity Analyst

Brian Arcese

Brian Arcese

B Arts (Economics), CFA

I am a strong believer in Foord’s focus on investing for the long term and putting investors’ interests first. I have spent the past 18 years investing in well-managed, competitively advantaged firms on a global basis. I am passionate about adding value to investors through the selection of a diversified portfolio of high-quality, global equities with the goal of generating attractive returns without taking excess risk.


"Hard working, intellectually thoughtful and seasoned. This is how I would describe the team at Foord - the team of which I am proud to be part."

Ishreth Hassen

Portfolio Manager and Head of Research

Ishreth Hassen

Ishreth Hassen

B Sc (Economics) (Hons)

It is a privilege to be part of a team with a true long-term investment philosophy and a culture centred on identifying quality and value. I am committed to Foord’s continued success, compounding our investors’ capital in the most effective and efficient manner possible.


"Foord has developed a culture of identifying quality and value."

Jing Cong (JC) Xue

Portfolio Manager and Equity Analyst

Jing Cong (JC) Xue

Jing Cong (JC) Xue

BBM (Finance)

I am a strong believer in the value of long-term investing, finding companies with sustainable moats and buying them at prices that provide margin of safety. At Foord, I am privileged to be working with a group of passionate investors who adopt a similar investment philosophy towards generating alpha. I am also excited to continue growing as an investor and will strive to contribute to the firm’s successful track record.


"Excited to be in an environment with an aligned investment philosophy"

Grace Ruddy

Securities Dealer

Grace Ruddy

Grace Ruddy

BA (Hons), M.Sc.

Based in Guernsey, my role at Foord is to execute portfolio trades in the western securities markets for Foord. Having worked in financial services my whole career, I jumped at the opportunity to join Foord where I could develop specialist skills in the area of trade execution. I really enjoy being at the coal face of the investment side of the business where my contribution to Foord’s investors is very obvious through each and every trade.


I really enjoy being part of the coal face of the investment side of the business.

FOREWORD | ISSUE 48 | 4th QUARTER 2018

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