Why would a global value investor allocate almost half of its EM portfolio to African public equities? In this episode, Brad Virbitsky, Co-Portfolio Manager of the Emerging Markets Fund at US-based Equinox Partners, explains why Africa wasn't a top-down allocation decision but the natural outcome of a disciplined value investing process. He shares how Equinox identifies dominant businesses trading at attractive valuations, why many investors misunderstand risk on the continent, and how investor psychology creates opportunities where others see uncertainty. Enjoy!

Learn more about Brad Virbitsky | Equinox Partners

LinkedIn: https://www.linkedin.com/in/brad-virbitsky-395b5662/

Website: https://www.equinoxpartners.com/

Learn more about Chipo Muwowo | Allocator Media Podcast

LinkedIn: https://www.linkedin.com/in/chipomuwowo/

Website: https://allocator.media/

Hosted on Acast. See acast.com/privacy for more information.

Why would a private equity investor pay 9-10x EBITDA for an unlisted business when a comparable listed company trades on 5-6x EBITDA? In this episode, Yasser El Halaby, CEO at Cairo-based Compass Capital, explains why his firm sees the market's mispricing of risk as one of Egypt's biggest investment opportunities. Rather than trading stocks, Compass invests in public companies with a private equity mindset – building concentrated positions, aligning with major shareholders and taking a long-term ownership approach. Yasser also discusses Compass' evolution from a deal-by-deal private equity firm into a multi-strategy alternatives manager, investing across public equities, commercial real estate and M&A advisory. Enjoy!

Learn more about Yasser El Halaby | Compass Capital

LinkedIn: https://www.linkedin.com/in/yasser-el-halaby-aa326539/

Website: https://compass-cap.com/

Learn more about Chipo Muwowo | Allocator Media Podcast

LinkedIn: https://www.linkedin.com/in/chipomuwowo/

Website: https://allocator.media/

Hosted on Acast. See acast.com/privacy for more information.

Prior to founding Urquhart Partners, Richard Cheesman built a reputation anonymously, running one of South Africa's largest corporate finance Twitter accounts. This was 2017, around the time of the Steinhoff scandal. That online work, and Richard's deeply analytical mindset, so impressed the founder of one of the country's largest hedge funds that he offered Richard a job. In 2019, Richard joined the firm. He left in 2024 to launch Urquhart Partners. In this episode, Richard shares the details of this cool story. He also makes the case for special situations investing. His strategy is focused on JSE corporate actions such as takeovers, spin-offs, restructurings and liquidations. Enjoy!

Learn more about Richard Cheesman | Urquhart Partners

LinkedIn: https://www.linkedin.com/in/richard-cheesman-43063014/

Website: https://urquhartpartners.com/

Learn more about Chipo Muwowo | Allocator Media Podcast

LinkedIn: https://www.linkedin.com/in/chipomuwowo/

Website: https://allocator.media/

Hosted on Acast. See acast.com/privacy for more information.