About Us

Built for all conditions. Driven by purpose. Committed to positive outcomes.

Our Story

All Weather is a proudly South African asset manager that was founded on the belief that investing for future outcomes can shape strong  disciplined thinking, diverse perspectives, and shared accountability.

It is this belief that has allowed the business to deliver meaningful outcomes, in any environment. This belief has allowed us to deliver positive outcomes for our clients, for their families and for the greater community.

What began as a small team united by a love for markets and a commitment to hard work has evolved into a multi-strategy investment firm managing capital across South Africa and offshore.

Throughout every stage of our journey, one principle has never changed:

We earn trust through transparency, integrity, and consistent performance. We have navigated rising and falling markets, volatile investment cycles, geopolitical shifts, and local complexity. Each period sharpened our process, strengthened our culture, and deepened our conviction in outcomes-focused investing.

But our story is not only about markets. It’s about the people behind them.

  • The investors who trust us
  • The graduates we train.
  • The communities we empower.
  • The teams who debate, challenge, and elevate one another every day.

 

Our Philosophy

Our philosophy blends hedge-fund agility, with long-only discipline, multi-asset understanding and global awareness powered by a team culture that values depth, preparation, and intellectual honesty.
Multi-Perspective, High-Conviction Investing

We draw from a blend of global intelligence, hedge-fund insights, and research built from first principles. This approach gives us the freedom to adapt across cycles and capture opportunities wherever they emerge.

Outcome-Focused

Markets change. Narratives shift. We remain consistent.
By avoiding rigid styles, and fashionable themes, we focus on what truly matters: delivering long-term sustainable performance for our clients.

Transparency

We believe investors deserve clarity, not noise.
Every portfolio has clear decision-makers, visible stewardship, and disciplined communication. Our team invests personal capital alongside clients, ensuring alignment at every step.

Diverse Minds, Stronger Outcomes

We build teams with different backgrounds and perspectives, strengthening debate, sharpening conviction, and improving long-term outcomes. We value different ways of thinking, using varied perspectives to challenge assumptions and make better investment decisions.

Our Values

Our values define who we are and guide how we work. They shape our culture, inform our decisions, and drive our commitment to excellence.
Accountability
Building on your trust, daily.

We commit to transparent communication, disciplined process, and delivering on what we promise, in good conditions and in difficult ones.

Inclusive Excellence
Inclusive by design, performance-led in execution

Diversity is a strategic advantage. Different backgrounds, perspectives and lived experiences fuel sharper debate, richer synthesis, and better investment decisions.

Resilient Performance
“All Weather” is not a metaphor; it is a commitment.

We prepare, adapt, analyse, and execute through all market cycles with quiet discipline and long-term thinking.

Intellectual Leadership
We think independently.

We debate, challenge assumptions, and share insight. Value is not only in delivering returns, but in helping investors understand the world with clarity and confidence.

Why We're Different

In a crowded investment landscape, we stand out through our unique approach and unwavering commitment to excellence.
Dual-Manager Oversight

Inspired by aviation's two-pilot system, every investment decision is reviewed by two managers, reducing risk and improving outcomes.

A Culture Built for Performance

Not a lifestyle business. Not star-driven. Not consensus-led. We operate with discipline, energy, and shared accountability, a culture designed to produce stronger decisions and long-term outcomes.

First-Principles Research

Our process begins with independent thinking, not industry narratives. We build perspectives from the bottom up, challenge assumptions, and commit only when conviction is earned

Alignment From Ownership to Execution

All Weather is founder- and staff-owned. Our senior team invests their own money alongside clients. Incentives are tied to our outcomes based approach  for our clients and our staff respectively.

A Message from Our CIO

Shane Watkins, Chief Investment Officer

"Our team is the heart of everything we do. Each member brings unique expertise, diverse perspectives, and an unwavering commitment to excellence that sets us apart in the investment management industry."

"What makes our team truly exceptional isn't just the impressive credentials or years of experience—it's the collaborative spirit, intellectual curiosity, and genuine passion for helping our clients achieve their financial goals. We've built a culture where innovation thrives, ideas are challenged constructively, and everyone is empowered to contribute to our collective success."

"I'm incredibly proud to lead this talented group of professionals. Together, we're not just managing investments; we're building lasting relationships, pioneering new approaches to asset management, and creating positive outcomes for our clients and communities."


"Excellence is not a destination; it's a journey we take together as a team every single day."

The Team

Our team members drive investment and operational excellence and deliver exceptional results across all areas of the business.
Investment Team

Deon Kondleka

Fund Assistant

BSc (Mathematics & Information Systems )

Chante Mntuyedwa

Fund Assistant

BCom (Hons)

Nonhlanhla Ntuli

Fund Accountant

BCom (Hons), CA (SA)

Prince Mopai

Equity Analyst/Fund Manager

BSc (Mining Engineering)

Njabulo Xaba

ESG Analyst

PGDip(Finance,Banking & Investment Management),FPWMP®

Jared Hoover

Equity Analyst

PGDip (Tax Law), CA(SA)

Jarred Houston

Equity Analyst/Fund Manager

BCom(Hons), PGDip( Financial Planning Law), CFA, CFP

Dumisani Ndlovu

Equity Analyst/Fund Manager

BCom (Hons)

Lwando Ngwane

Equity Analyst/Fund Manager

BSc (Mining Engineering)

Tlotlo Lekgoba

AI & Automation Analyst

BSc (Actuarial Science & Mathematical Statistics)

Chris Reddy

Equity Trader/Fund Manager

BSc, CFA

Nick Van Rensburg

Head of Macro Strategy

BCom,CFA

Ryan Deidricks

Fund Manager Assistant

BSc(Economics)

Mandi Ngqoza

Head: Client Strategy and Investor Relations

BCom (Hons)

Kagiso Selolo

GEMS Analyst

BCom (Hons), CA (SA)

Kamohelo Mateise

GEMS Analyst

BCom

Neal Smith

GEMS Fund Manager

BCom (Hons), CA (SA)

Richard Shepherd

GEMS Fund Manager

PGDip(Accounting), CA (SA)

Roxanne Tylor

Executive & Fund Manager Assistant

BBusSci (Statistics & Data Analytics)

Nomsa Sibanda

ESG and Risk Analyst

PGDip(Accounting), CA (SA)

Batheeng Mashoeshoe

Fixed Income Trader/Portfolio Assistant

BCom (Hons)

Patsy Davids

Head of Equity Research

BCom, MBA

Sanelisiwe Tofile

Deputy CIO

BCom (Hons), CFA

Shane Watkins

Excutive Director/CIO

BSc (Finance), CA (SA), CFA

Ntobeko Stampu

Head of Fixed Income and Balanced Funds

BCom (Hons), CAIA, CQF, CFA, MBA

Our Shareholders

All Weather is proudly owned by a combination of management, employees, and strategic shareholder. This ownership structure has ensured alignment of interests and long-term stability throughout the growth of the business.

49.6%

Management and staff Ownership

50.4%

Strategic shareholder
Employee Ownership

We believe that employee ownership creates a culture of accountability and long-term thinking. Our employee share ownership program ensures that everyone has a stake in our collective success.

B-BBEE Compliance

Since the founding of the business, we have been unwavering in our commitment to transformation, diversity and inclusion. This commitment reflects in our B-BBEE Level 1 rating, our commitment to gender parity in terms of our staff complement and overall broad management structure. Our shareholder structure reflects our dedication to economic empowerment and inclusive growth in South Africa.

Social Investing & Impact

We believe that successful investing goes beyond financial returns. Our commitment to social responsibility drives us to create positive change in the communities we serve. Through our ESG integration, community partnerships, and transformation initiatives, we're building a more inclusive and sustainable future.

Our commitment extends to:

  • Training graduates and developing young South African talent, building the next generation of investment leaders.
  • Advancing financial literacy, helping investors make informed, confident decisions.
  • Supporting inclusive opportunity, ensuring our industry reflects the diversity and potential of the country.
  • Responsible investing, grounded in long-term thinking, disciplined governance, and accountability for real-world outcomes.
  • Building wealth and building a nation are not separate goals. They are part of one positive outcome.

About Us