Senqu Capital was established with the objective of generating superior returns for our investors over the medium to long term. We manage a single hedge fund strategy that expresses our very best ideas at any given point in time and we invest directly alongside you in this fund.
We aim to attract partners who believe in our investment process, have a long investment time horizon and who are unlikely to redeem capital in times of market panic. We focus on the quality of our investor base and recognise how this benefits all our investors collectively. We recognise that trust is earned and endeavour to communicate with partners in a manner that is transparent so as to continuously enhance your confidence in our process.
Fund overview
Launched in 2016, Senqu Capital is an independent investment manager based in Johannesburg and founded by Stephen Carew and Andrew Crawford – former portfolio manager and head of business development, respectively, at Capricorn Fund Managers. The core team also includes analysts Daniel Friedman and Kgosi Mashigo, who work closely with the founders in driving the investment strategy. The team focuses on managing capital and building strong relationships with clients, while outsourcing all non-investment operations to best-in-class service providers.
The Senqu Worldwide Flexible Long Short Prescient RI Hedge Fund has built an eight-year track record and delivered a 15.6% annualised return over the past three years. The fund has been consistently recognised for performance, winning New Fund of the Year in 2017 and ranking as a top-performing fund in both 2023 and 2024 within its category.
Senqu Capital is supported by Stockdale Street – the investment arm of Mary Oppenheimer and Daughters – which provided seed capital and continues to offer strategic guidance, a robust governance framework and access to global networks.
Investment philosophy
At the core of our philosophy is a differentiated approach to stock selection. We focus on dominant global companies with structural moats, analysing each through a commercial lens to understand the fundamental forces driving long-term value creation.
Our process builds deep conviction, allowing us to invest in size behind our highest-conviction ideas. We are not swayed by short-term market noise and are comfortable going against prevailing sentiment when pricing dislocations create opportunity. Rather than reacting to market shifts, we define long-term glide paths for each company and invest as their performance diverges from those paths.
Our relentless pursuit of quality has resulted in a portfolio with meaningful offshore exposure.
As a worldwide flexible fund, we are not limited by geography, and we see no trade-off between SA and off-shore; we invest in both and allow prospective returns to dictate where our capital flows. Our local expertise and relationships give us a home-ground advantage in South Africa, while our global experience over the past eight years has cultivated a unique pool of offshore investment opportunities.
Fund structure
Operating as a hedge fund gives us maximum flexibility to manage risk and enhance returns.
We selectively use tools such as short selling, options and currency management to protect capital and take advantage of varied market conditions.
While leverage is used conservatively, the structure allows us to respond dynamically – allocating capital where we see the most compelling value, without being restricted by rigid mandates.
Risk management is embedded throughout our process. It starts at the individual position level, where we assess business-specific risks and calibrate position sizing accordingly. At the portfolio level, we overlay macroeconomic considerations to ensure a balanced and resilient overall risk profile.
Accessibility
The fund is available on major platforms including Glacier, Ninety One and Momentum Wealth, making it accessible to both retail investors and wealth managers.
Contact information:
- Andrew Crawford | Stephen Carew
- Telephone: 011 243 5059
- Mobile: 083 557 4541
- Email: andrew@senqucapital.com
- Website: www.senqucapital.com
