ABOUT US
Who is Cadiz Asset Management?
Investment Approach
Our investment philosophy
Our investment philosophy is to provide incremental outperformance over time within defined risk parameters.
Our investment process
Our Fixed Income investment process combines both Top-Down and Bottom-Up approaches to provide a comprehensive strategy for managing portfolios.
The Top-Down process focuses on establishing a high-level conviction regarding the directional movement of interest rates. This involves analysing a broad range of factors, including but not limited to Economic Fundamentals, Monetary Conditions, Valuations, Liquidity, Technical Analysis, the International Environment, and other relevant factors.
These factors are evaluated using a weighted scoring mechanism, helping us form a strategic outlook on interest rate direction. This outlook serves as a key guide in shaping our broader investment decisions and is applied across our fixed-income portfolios, ensuring alignment with each fund’s specific mandate, benchmark, and risk parameters.
The Bottom-Up process complements the Top-Down strategy by focusing on the day-to-day management of each portfolio. It ensures that tactical decisions align with the broader market view while maintaining the flexibility to respond to changing conditions.
Key components of the Bottom-Up process include:
- Security and Sector selection
- Valuation Analysis
- Duration Management
- Risk and Scenario analysis
- Yield Curve analysis
- Credit Analysis
A tried-and-tested process that has proven itself over time.
Executive Team
Ian Kilbride
Chairman
Adrian Meager
MD and CIO – Orion Investment Managers
Prior to joining OIM, Adrian was employed at Momentum and has gained international experience at Lloyds of London. He has extensive knowledge and experience in the wealth management industry and has been actively involved in financial services for over 29 years. Adrian has been actively managing portfolios since 2006.
Adrian joined the group in 2006, initially as an Investment Specialist and was later appointed as Cape Town Regional Manager. He has subsequently held several key positions within the Group, culminating as Head of Asset Management. With the Spirit Group’s acquisition of Cadiz Asset Management in May 2018, Adrian was appointed as the Managing Director of Cadiz Asset Management. He was appointed OIM Managing Director and CIO in 2022.
Sidney McKinnon
MD and CIO – Cadiz Asset Management
Sidney has more than 23 years of experience in the asset management industry. He joined the Spirit Group in November 2013, and with the acquisition of Cadiz in May 2018, was appointed Senior Fixed Income Portfolio Manager South Africa. He has subsequently been appointed as Managing Director and Chief Investment Officer of Cadiz Asset Management. Sidney is ultimately responsible for the management of all portfolios and implementation of the fixed income investment process and philosophy.
Tiaan Meyer
Chief Financial Officer
Before joining Cadiz, Tiaan spent five years at Woolworths in the Corporate Finance division, first as Group Accountant and subsequently moving into the Africa division where he played an integral part in growing the business across the continent. Tiaan has a wealth of experience, inter alia, dealing with IFRS and taxation.
Tiaan was promoted to the holding company, Spirit Invest, in 2015 where he started as the Head of Finance. In 2017, Tiaan was promoted to Financial Director of Spirit Invest.
Ryan Magee
Chief Operations Officer
Fixed Income Team
Sidney McKinnon
MD and CIO – Cadiz Asset Management
Sidney has more than 23 years of experience in the asset management industry. He joined the Spirit Group in November 2013, and with the acquisition of Cadiz in May 2018, was appointed Senior Fixed Income Portfolio Manager South Africa. He has subsequently been appointed as Managing Director and Chief Investment Officer of Cadiz Asset Management. Sidney is ultimately responsible for the management of all portfolios and implementation of the fixed income investment process and philosophy.
Hope Sono
Fixed Income Portfolio Manager
Hope is an alumnus of the Argon graduate programme with four years of experience in asset management industry.
Careers
Cadiz is always looking for experienced, driven and qualified individuals within the broader financial services industry. Current opportunities to join Cadiz are shown below.
Spirit Foundation
Established by the Kilbride family, the Spirit Foundation provides a platform for Cadiz and others to support the three charitable foundations operating under the Spirit Foundation, namely the Spirit Education Foundation, the Spirit Community Foundation and the Spirit Wildlife Foundation.
The Spirit Foundation has established an enviable track-record over the past thirty years of assisting worthy causes and we believe that this has impacted in a positive and meaningful way on the lives and projects it has supported.