Our People

Managing South Africa focused funds since 2003 and emerging markets since 2013.

The Managers fundamentally believe that all emerging markets share similar characteristics, adjusted for local knowledge and nuances, and use their South African experience as the basis,

including rapid political change amid uncertainty, currency volatility and the emergence of new middle classes and demographics.

Musgrave Capital Partners

Damon Hoff, Director

Damon is the co-founder of Musgrave Capital and Portfolio Manager. Prior to Musgrave Capital, Damon co-founded Capricorn Fund Managers in South Africa in 2003. As the CIO of Capricorn, Damon oversaw the award winning South African equity and Emerging Market Long/short strategies, which was based out of Johannesburg and later London, and sold a stake to Anchor Capital in 2015.

Before Capricorn, Damon was a partner at broking firm Irish Menell Rosenberg, which was then sold to PSG Group South Africa. Damon is currently a portfolio manager on the Anchor Accelerator CIS Hedge Fund and Musgrave Absolute Return Fund. Damon holds a BA and a Bcom (hons) from Witwatersrand University.

Liam Hechter, Director

Liam is the co-founder of Musgrave Capital and Portfolio Manager. Before Musgrave Capital, Liam was at Anchor Capital, having completed his accounting articles with KPMG. In 2017, he was appointed the portfolio manager of Anchor Capital’s aggressive long short equity mandates and joined Damon in London in late 2018.

Liam is currently a portfolio manager on the Anchor Accelerator CIS Hedge Fund and Musgrave Absolute Return Fund. Liam holds a B.Acc (Hons) from the University of Stellenbosch, is a qualified CA (SA) and is a CFA® Charterholder.

Our Strategy

We employ a disciplined approach to equity long-short investing and focus on the BRICS economies.

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