In this age of frenzied self-promotion I should be more comfortable about this, so let me just come out and say it: I was top ranked in the Political Trends and Industrial Relations category at the Financial Mail Analyst of the Year Awards last week.
Every year since 1977 the Financial Mail has sent a confidential questionnaire to domestic institutional fund managers and investment organisations to ask them to rate the research they get from brokerage houses. This year 35 institutional fund managers with more that R4 trillion assets under management were polled.
How this business (from which I derive a significant portion of my income) works, is JSE member firms (basically stock brokers) employ or contract specialists to produce research that somehow aids the fund manager in making investment decisions. If the research added value to the fund manager’s decision the broker is paid either directly or in the form of a commission of some kind. That’s one of the reasons I appreciate the award: the people paying for the service get to vote.
This year I am grateful to have been a consultant to BNP Paribas Cadiz Securities and as such part of that firm’s excellent and amiable research and sales team.