CADIZ RANKED TOP DERIVATIVES HOUSE FOR SIXTH SUCCESSIVE YEAR
MEDIA RELEASE
29 May 2002
CADIZ RANKED TOP DERIVATIVES HOUSE FOR SIXTH SUCCESSIVE YEAR
Cape Town - Cadiz Financial Strategists has been rated as the country`s
leading derivatives company in both research and dealing for a record sixth
successive year in the annual Financial Mail analyst rankings announced
today.
The rankings are based on a survey of the 28 largest fund managers in South
Africa.
Cadiz was ranked in the following categories: first in derivative dealing,
first in derivative research, first in innovative research, second in
quantitative analysis, third in fixed interest securities research and
seventh in fixed interest securities dealing. A category for risk
management was introduced into the awards this year and Cadiz was placed
first in this category too.
Frank Cadiz, director of Cadiz Financial Strategists, said that the depth of
academic integrity at Cadiz enabled the company to place a greater emphasis
on research into derivative instruments and investments over the past year.
"This analysis, used together with our proprietary research, enables
institutional investors to make more informed decisions in the execution of
derivative strategy and investment."
He attributed Cadiz unrivalled success to its client-focused business model.
"The Cadiz charter precludes proprietary trading so we do not take positions
in the equity or bond markets. This guarantees that the team remains
objective and provides independent perspectives when considering client
solutions. There is no conflict of interest with client needs and none of
the research or strategies are retained for internal implementation."
"The fact that these ratings are based on the views of institutional
investors and acknowledge our capability in both derivative research and
dealing is the highest tribute to our quality team at Cadiz Financial
Strategists," he said.
Cadiz said quantitative and derivative based solutions were under-utilised
in South African markets. "Research and practical experience has shown that
the rigorous application of derivative solutions can significantly improve
returns on a risk-adjusted basis in the long term."
The performance of local markets and the volatility of this performance has
forced investors to be more aware of the risks being taken in an attempt to
attain positive investment returns, he said. "This volatility, coupled with
the uncertainty in the equity market, should lead to a substantial increase
in the use of derivative instruments in the management of risk."
Ends
Issued by Investor Connexion on behalf of Cadiz Holdings
For further information please contact:
Frank Cadiz
Director
Cadiz Financial Strategists
Tel (021) 657-8501
Cell 082 656 8904
Laura Hallam
Communications & Marketing
Cadiz Holdings
Tel: 021 657 8300
Cell: 082 875 0168
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