
Meet Ninety One's Hendrik du Toit: No regrets about listing in middle of Covid-19 Crash
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Among the paradoxes of business is the way successful entrepreneurs love attracting people who are just like them - but usually baulk at giving them their own wings. Eventually, however, sanity does prevail. But for Hendrik du Toit, who started Investec Asset Management with a phone and a briefcase in 1991, that journey took 29 years. Du Toit and his tightly knit team who manage £120bn in assets for clients around the world, last week celebrated their independence with the listing of their newly renamed Ninety One in London and Johannesburg. Poor timing perhaps - but as Du Toit explains in this wide-ranging interview, the team which now owns 20% of the business, are not losing any sleep over a share price that's half what was expected ahead of the Covid-19 Crash. They're taking the long view. As any sane money manager needs to. - Alec Hogg