Former banking chief executive, Michael Jordaan, is set to launch a unit trust through NMRQL, a quantitative investment management business based in Stellenbosch.<\/p>\n
Jordaan, who headed up First National Bank for many years before stepping down at the end of 2013, now runs private investment company, Montegray Capital, while also providing a strategic-hand to various businesses including\u00a0NMRQL.<\/p>\n
NMRQL, of which Jordaan is director and chairman, is an investment management company with a bias towards quantitative research and algorithmic trading.<\/p>\n
In his own words, Jordaan describes the company as “a quantitative asset manager that uses Machine Learning to outperform human investment managers and to do so at much lower cost”.<\/p>\n
“The historical simulations – which take transaction costs, trade capacity, market liquidity and slippage during volatile periods into account, indicate that our algorithms are extremely robust and outperform the market relatively consistently,” he said.<\/p>\n
“After operating as a hedge fund for some two years and experimenting live with our own funds we feel ready to launch a unit trust in the next three months,” he told BusinessTech.<\/p>\n
Unit trusts are portfolios of assets such as equities, bonds, cash and listed property, in which investors can buy units.<\/p>\n
Following his term at FNB, Jordaan launched investment company<\/span> Montegray Capital, which targets businesses with a minimum two year trading history, proven customer traction and potential for rapid growth.<\/p>\n His company provides growth-stage funding of between R2 million and R5 million, while taking ‘a meaningful minority share’.<\/p>\n Jordaan counts NMRQL as a partner of Montegray Capital, with Thomas Schlebusch serving as the company’s founding director and CEO.<\/p>\n Schlebusch is set to be the key individual for the NMRQL fund having served as CIO of the Sanlam International investments business before co-founding NMRQL in 2015.<\/p>\n NMRQL claims R31 Million in assets under management while investment in the NMRQL fund is limited to qualified investors with a minimum investment of R1 million.<\/p>\n
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