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July 17, 2025
Commentaries

Perpetua Investment Managers | Multi Asset Class Outlook Mid-Year 2025

At first glance, year-to-date market returns may suggest that 2025 presented a calm and steady investing environment. However, beneath the surface, investors have had to navigate rising geopolitical tensions, economic uncertainty, and highly erratic sentiment shifts.
In this Mid-Year Multi-Asset Class Report, Perpetua’s portfolio managers explain what we believe has really been driving markets. We highlight key risks, explore possible shifts in the global economic landscape, and share our approach to managing portfolios thoughtfully through volatility – while staying ready to seize opportunities.
We hope you find this commentary helpful in cutting through the noise. Enjoy the read!

17th July 2025

Tasneem Abrahams

Tasneem joined Perpetua as a Finance and Business Trainee in 2025. 

She has a Business Administration Degree major in Finance and Investments from Tsiba Business School. 

Samantha Edwards

Samantha joined Perpetua as a Client Service Intern in 2025. 

She has a Business Administration Degree major in Finance and Investments from Tsiba Business School. 

Sisipho Jokazi

Sisipho joined Perpetua as a Business Analyst in November 2025. Before joining Perpetua, she spent 6 years at M&G Investments Southern Africa in the Institutional Clients team as an Institutional Client Associate providing client service support on a range of clients. At Perpetua, she is responsible for providing support in the servicing of clients; business development support (assisting in growing client base); components of client account management such as handling investment-related queries, performance analysis, and risk reporting. 

 

She holds a BBA degree and PGDip from TSiBA Business School and Regent Business School respectively. 

Jason Clark

Jason joined Perpetua as an Investment Performance & Risk Analyst. He is responsible for evaluating, measuring, and reporting on the performance and risk of the investment portfolios.

 

He brings experience from Luxcara, a German clean-energy asset manager, and Allan Gray, where he served in various roles over a five-year period. Jason holds Bachelor’s and Honours degrees in Economics from Stellenbosch University and is currently pursuing an MSc at the University of Bath. He also holds the CIPM® designation through the CFA Institute, specialising in investment performance measurement.