A controlling interest in Allan Gray is held by Allan & Gill Gray Foundation, which has no owners in the traditional sense and is instead designed to exist in perpetuity and to serve two equally important purposes: (1) to promote the commercial success, continuity and independence of the Allan Gray and Orbis groups, and (2) to ensure that the distributable profits the Foundation receives from these firms are ultimately devoted exclusively to philanthropy.
Importantly, the Foundation does not directly manage Allan Gray, but rather vests control of the firm in Orbis Allan Gray Limited, a holding company whose board consists of a majority of present executives and includes non-executive directors. With perpetual ownership in strong hands, the management of Allan Gray can focus entirely on adding value for clients for generations to come.
Allan & Gill Gray Foundation is a new initiative, not to be confused with the ten-year old Allan Gray Orbis Foundation . We will continue to fund the education of hundreds of high potential scholars and students through our donations to the Allan Gray Orbis Foundation, while our empowerment partner E2 stands ready to finance the entrepreneurial ventures of graduating Allan Gray fellows.
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Client focused
We always put our clients’ interests first and avoid (not manage) conflicts of interest. We try to build our clients’ trust and confidence in us through offering excellent client service. We design our products and fees so that they tie our success to that of our clients.
Performance driven
We set extremely demanding and challenging standards, aiming to be the best in each area of our activities. Our business model and the way that we reward and promote our staff are designed to encourage excellence. Our performance-based investment management fees make our income more sensitive to long-term investment performance than the size of assets under management. Our senior executives are shareholders in the business, aligning their long-term interests with yours. All other staff have a substantial portion of their remuneration in the form of performance-based bonuses.
Long-term oriented
We take a long-term perspective on investment decisions and business strategy. We try to establish long-term relationships with clients who believe in us and share our conviction in our investment approach. We offer an uncluttered range of products and services where we believe the application of our skills can add value and be enduring.
Independent minded
We are often contrarian and have the courage to fly in the face of popular opinion or conventional wisdom. We value, seek and foster diversity of opinion and thought.
Individually accountable
We have great faith in the power of the individual to make a difference. We believe that the best decisions are made by individuals not committees and we accept responsibility for the consequences of our actions.
Allan Gray, Founder of Allan Gray
