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Perpetua SCI Relative Equity Fund

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Fund Factsheet

The Fund Strategy

The Perpetua SCI Relative Equity Fund aims to deliver superior risk-adjusted returns relative to the market benchmark in the medium to long term by using Perpetua’s bottom-up research and stock selection, and high conviction portfolio construction within a defined risk-conscious investment process. The Fund is suitable for investors who are seek long term alpha generation from a strategy benefiting from strong stock selection while seeking to minimise permanent capital loss.

The Portfolio Managers

Patrick Ntshalintshali

Portfolio Manager

Delphine Govender

Chief Investment Officer

Latest news

Steady strength: Perpetua’s Domestic Focused Equity portfolio continues to deliver through market cycles
Insights

Steady strength: Perpetua’s Domestic Focused Equity portfolio continues to deliver through market cycles

South Africa’s banks are gearing up for significant issuances – a shift that could reshape listed credit markets and redefine…
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Perpetua Investment Managers | Fixed Income Quarterly Commentary October 2025
Commentaries

Perpetua Investment Managers | Fixed Income Quarterly Commentary October 2025

This quarter’s edition looks at the forces shaping markets - from the Fed’s independence and a resurgent term premium, to…
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What the FLAC is going on?
Insights

What the FLAC is going on?

South Africa’s banks are gearing up for significant issuances – a shift that could reshape listed credit markets and redefine…
Read more

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.
Contact Us
Patrick Ntshalintshali
Patrick is a Portfolio Manager and is an Executive Director of the firm and has been with Perpetua since 2014. Patrick is one of Perpetua’s equity and multi-asset class portfolio managers and is also responsible for the portfolio risk management of all portfolios, serving as Chair of the Portfolio Risk Committee.

Patrick has over 26 years in the financial services industry and joined Perpetua from Vunani Fund Managers where he was a Portfolio Manager and Head of Equity Research. Prior to that he was founding member at Mtungwa investment holdings and before that an analyst and portfolio manager at Old Mutual Asset Managers over 8 years. Patrick started out his career at Syfrets Managed Assets, where he started out as an investment analyst and then became a portfolio manager. Patrick holds BCom (Hons) and has completed the Executive Development Programme (EDP) at Stellenbosch University.

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.

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.