It was with great sadness that I learnt of the passing of Allan William Buchanan Gray, founder of Allan Gray Ltd, the largest privately owned investment manager in SA – as well as of Allan Gray Australia and the international Orbis Group – with $39bn under management.
Gray was the most influential person in my career, as well as the careers of so many of my colleagues who have gone on to achieve remarkable success and make their names throughout the world in the investment management industry.
Gray studied at Harvard, where he was a brilliant scholar, before joining Fidelity Asset Management, then the largest asset management firm in the world. He was a portfolio manager at the Fidelity Capital Fund for four years. After 10 years with Fidelity he founded Allan Gray Investment Counsel in 1974.
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