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CADIZ HOLDINGS LIMITED - MEDIA RELEASE
CADIZ HOLDINGS LIMITED
MEDIA RELEASE
14 May 2003
CADIZ RATED LEADING DERIVATIVES HOUSE
Cape Town - Cadiz Financial Strategists has been rated as the country"s leading
derivatives research and dealing team for a record seventh successive year in
the annual Financial Mail analyst rankings announced today.
The rankings are based on a survey of the 30 largest fund managers in South
Africa.
Cadiz was ranked first in five categories, namely Derivative Research,
Derivative Dealing, Innovative Research, Risk Management and Quantitative
Analysis. They were also placed third in Fixed Interest Research and fifth in
Fixed Interest Dealing.
Frank Cadiz, managing director of Cadiz Financial Strategists (CFS), said the
team"s research was strongly quantitatively based. "Our focus has been on the
innovative development and application of mathematical models and techniques to
reduce the uncertainty of using derivative instruments in the South African
market."
"This analysis, when used in conjunction with specific bespoke research, allows
customers to make more informed decisions on the implementation of derivative
strategy."
He said Cadiz business thrives in the prevailing uncertain market conditions.
"Derivative instruments can be used to provide downside protection on investment
portfolios and are an insurance against market exposure. By applying derivative
strategies we can assist funds and clients in managing risk by protecting their
capital and hedging against market volatility."
"Cadiz has grown the professional staff in its securities business to 25. It is
encouraging that we have been able to grow and diversify our team. In an
environment which is largely dependant on relationships and people doing
business with like-minded individuals, a diverse team enables the company to
appeal to a broader range of clients."
Cadiz said it was pleasing that CFS was also recognised beyond its core business
of derivatives research and dealing, where the quantitative research team under
Professor Dave Bradfield was playing a groundbreaking role in the risk
management arena.
"Volatile investment markets necessitate prudent risk-taking by fund managers,
and in this environment it is crucial to design portfolios with appropriate risk
characteristics to avoid significant losses. Active portfolio managers are
required to take on active risk and Cadiz advises clients on the transfer of
risk-taking to match their skills," he said.
Ends
Issued by Motiv Investor Relations on behalf of Cadiz Financial Strategists
For further information please contact
Frank Cadiz, Cadiz Financial Strategists 082 656 8904
Laura Hallam, Cadiz Holdings 082 875 0168
Graeme Lillie, Motiv Investor Relations 082 468 1507
Date: 14/05/2003 04:17:37 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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