Velocity Asset Management Company(Pty)Ltd (Cape Town)

Name: Velocity Asset Management Company(Pty)Ltd
Address: 1 Mariendahl Lane, Newlands, Cape Town, 8001
Telephone: (2721) 6704600

Velocity Asset Management Company(Pty)Ltd is an adviser based in Cape Town. It manages $4.37 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001.

Velocity Asset Management Company(Pty) provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Velocity Asset Management Company(Pty): assets under management

The assets under management (AUM) of Velocity Asset Management Company(Pty)Ltd is $4.37 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.37 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Velocity Asset Management Company(Pty)Ltd for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Velocity Asset Management Company(Pty)Ltd

Ethan Gilbert Dube has been acting as President since 1 Jun 2000. Ruchsana Bhayat joined the executive team most recently as the Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Charles Ruiters	Managing director	1 Oct 1997	Other	4447299
Denzil Albert Newman	Portfolio manager	1 Oct 1997	Other	4447332
Anthony William Sceales Sedgwick	Portfolio manager	1 Feb 1998	Other	4447328
Matthias Heinrich Brenzel	Portfolio manager	1 Apr 1998	Other	4447310
African Harvest Fund Managers Holdings (Pty) Ltd	Holding company	1 Aug 1999	75% - 100%	foreign
Ethan Gilbert Dube	Director	1 Jun 2000	Other	4447301
Philip Leon Campher	Director	1 Jun 2000	Other	4447294
Takula Jenkins Tapela	Director	1 Jun 2000	Other	4447303
Ruchsana Bhayat	Compliance officer	1 Mar 2001	Other	4447346

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Coronation Holdings	Shareholder of african harvest limited	1 Jun 1997	75% - 100%	foreign
African Harvest Limited	Shareholder of african harvest fund managers holdings	1 Jul 1997	75% - 100%	foreign
African Harvest Holdings	Shareholder of african harvest limited	1 Jul 1997	75% - 100%	foreign
African Harvest Fund Managers Holdings	Shareholder	1 Aug 1999	75% - 100%	foreign

Based in Cape Town

The principal office where Velocity Asset Management Company(Pty)Ltd performs its advisory services is located at 1 Mariendahl Lane, Newlands, Cape Town, 8001, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number (2721) 6704600 or by fax (2721)6704601. The normal business hours are 7.30am - 5.30pm on Monday - Friday. You can find more information about the New York firm at http:/www.africanharvest.co.za.