Paul Kendall Spencer

FTFML is an active, global manager which aims to provide superior risk-adjusted returns. The firm's analysts and portfolio managers perform bottom-up, fundamental research on potential investee companies, which seeks to invest in high-quality companies with the potential for long-term sustainable earnings and cash flow growth, strong management teams and financial strength. FTFML is a value-based manager which assesses whether growth opportunities are already reflected in the stock price of potential investee companies.

RFM is an active, research-based manager which combines long-term strategy with short-term tactics to enable them to take advantage of market movements as they happen. The Rensburg Unit Trusts seek to minimize investment exposure through diversification, providing income and growth strategies. The firm constructs diversified portfolios and performs company visits to develop stock ideas, seeking companies with competent management, an emphasis on building shareholder value and a sound business environment.