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BizNews Investment Portfolio: Alec Hogg bets big on Aveng

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The BizNews Investment Portfolio has been a roaring success for over seven years. Since inception, the portfolio has managed to achieve a compound annual growth rate – the primary indicator of investment performance – of over 20% in both rand and dollar terms. This is an incredible achievement with some of the world’s very best investment professionals unable to achieve this feat. BizNews founder Alec Hogg has put his faith in technology-centric businesses, predominantly the high-flying US tech large cap names, which have been outperformers for the better part of the last decade. Hogg, a disciple of Warren Buffett and Charlie Munger’s investment principles, turns his eye to local construction company Aveng. On the brink of collapse in 2018, Aveng has implemented a turnaround strategy that seems to be bearing fruit. After valuable insight from the ever-rational Piet Viljoen and decorated mining executive Bernard Swanepoel’s appointment to the board, Hogg has dived into this fallen angel in the hope it will rise again.  Learn more about your ad choices. Visit megaphone.fm/adchoices
27 Oct 2021 1AM English South Africa Investing · Business News

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