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Perpetua International
Focused Equity
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Fund strategy

The Perpetua International Focused Equity portfolios aims to outperform the benchmark MSCI EAFE or MSCI World ex-US Index in the medium to long term by using Perpetua’s bottom-up research and stock selection to build a high conviction portfolio within a defined risk-conscious investment process, consisting of shares listed on developed market stock exchanges outside of the USA. The Fund is suitable for investors who accept short term volatility in the pursuit of long term alpha generation.

Portfolio managers

Delphine Govender

Chief Investment Officer

Greame Ronne

Portfolio Manager

Latest news

All that glitters is gold – but for how long?
Perspectives

All that glitters is gold – but for how long?

Gold and Gold equities have enjoyed a buoyant 2025. Such rallies in the past were met with meaningful drawdowns. Will…
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The rise of online gambling in South Africa
Perspectives

The rise of online gambling in South Africa

Perpetua Investment Managers explore the rapid growth of online gambling in South Africa, its economic impact, ESG challenges, and the…
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The energy burden of artificial intelligence
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The energy burden of artificial intelligence

Perpetua Investment Managers explores how the AGI race is reshaping energy demand and climate strategy amid rising infrastructure investment.
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Mastering insightful investing

Perpetua is independent, owner-managed investment management firm. We strive for excellence in performance, conduct and engagement and operate out of a purpose-driven culture.

 

We consistently employ a long-term investment approach that is thoughtful, rigorous and that doesn’t follow the crowd.

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Delphine Govender

Delphine is the firm’s Chief Investment Officer and is an Executive Director of the firm. As CIO, Delphine has ultimate responsibility over the investment function and capability and has portfolio management responsibilities over all asset classes.

Delphine has over 28 years’ financial services experience of which the past 25 years have been spent directly in investment management. Delphine co-founded Perpetua in 2012 after having spent almost 11 years at Allan Gray Limited, where she held positions of Portfolio Manager and executive Director. She is a qualified CA(SA) and CFA charterholder.
Graeme Ronné

Graeme is a Senior Investment Analyst at Perpetua and joined the firm in 2018. He focuses predominantly on global stock research. 

Graeme has over 18 years’ direct investment management experience. In 2006 Graeme joined Element Investment Managers as an analyst. In 2013 Graeme then joined Cadiz Asset Management where he held the position of Head of Equities and Portfolio Manager. He holds a BCom (Hons) and is a CFA charterholder.