Hedge Fund - Contrarius Investment Management

Contrarius Investment Management operates as a multi-manager investment firm. It employs a valuation-driven, contrarian investment philosophy to pinpoint undervalued assets about their intrinsic worth. This approach grants the Fund the adaptability to capitalize on opportunities across diverse asset classes and regions while adhering to clearly outlined investment parameters.

Stephen C. Mildenhall, CFA, CA, serves as the Founder and Chief Executive Officer of Contrarius Investment Advisory Ltd. With over a decade of prior investment expertise at Allan Gray Limited (AGL), a distinguished investment management firm in South Africa, Mildenhall's journey began in 1997 as an Equity Analyst. His ascent continued as he assumed roles of increasing responsibility, becoming a Portfolio Manager in 1999 and a Director in January 2000. By April 2001, he had risen to the position of Chief Investment Officer, where he held ultimate accountability for the firm's investment performance and team management. In February 2008, Mildenhall departed AGL to establish Contrarius Investment Advisory Limited (CIAL) in the United Kingdom. At the time of his departure, AGL managed approximately $30 billion, predominantly in equities. Mildenhall holds a Bachelor of Communications with Honours degree and is a Chartered Financial Analyst and Chartered Accountant.

In their most recent 13F filing for Q4 2023, Contrarius Investment Management Ltd. disclosed holdings totaling $1,855,843,000 in managed 13F securities, with a top 10 holdings concentration of 56.21%. Paramount Global emerges as the firm's largest holding, with 11,244,019 shares held.