INVESTMENT EXCELLENCE
About Us
Accorn Investment Management is a fund manager that invests money on behalf of its clients. With an experienced and focused investment team, Accorn enriches its clients’ lives and compounds their wealth over time.
Our Investment Aim
Accorn’s objective is to grow all assets allocated to the team in real, inflation-beating terms over the long-term and to ensure protection from any permanent capital loss. Accorn invests in good quality businesses at the right price level, which significantly reduces the potential for any permanent capital loss.
Investment Approach
We identify opportunities through a top-down, bottom-up, fundamental investment process.
1. Know the business
- We invest in businesses that we have researched thoroughly and therefore know well.
- We do not invest in businesses with excessive financial leverage.
- We do not invest in businesses where there are major concerns about management.
2. Know the price
- We appraise what the business is worth in a worst-case scenario.
- We do not overpay for an investment.
3. Know the correct weighting
- We do not overextend a position.
- We limit the weight of any investment commensurate with our disciplined risk assessment.
4. Know the investment case
- We only invest if there is a margin of safety.
- All investments carry some degree of risk, but at Accorn, we only invest if there is an adequate margin of safety built into our own valuations.
- Invest in good businesses with shareholder-orientated managers and low financial risk when valuations are attractive.
- Thinking and acting like long-term business owners, in a market focused on the short-term.
Our Team
Executive Team
Ian Kilbride
Chairman
Ian Kilbride is an experienced international businessman and the Chairman of Spirit Invest the parent company of Accorn. He brings to the Accorn Board over thirty-five years of experience in financial services, working for both listed and unlisted companies and adding value as Chairman, Chief Executive or Non-Executive Director.
Adrian Meager
MD and CIO
Adrian is the Managing Director and Chief Investment Officer of Accorn Asset Management and a member of the Spirit Group EXCO.
Prior to joining Accorn, he was employed at Momentum and has gained international experience at Lloyds of London. Adrian has extensive knowledge and experience in the wealth management industry and has been actively involved in financial services for over 29 years. He has been actively managing portfolios since 2006.
Adrian joined the Spirit Group in 2006, initially as an Investment Specialist and was later appointed as Cape Town Regional Manager. He has subsequently held several key positions within the Spirit Group, becoming Managing Director and Head of Asset Management in 2016.
Prior to joining Accorn, he was employed at Momentum and has gained international experience at Lloyds of London. Adrian has extensive knowledge and experience in the wealth management industry and has been actively involved in financial services for over 29 years. He has been actively managing portfolios since 2006.
Adrian joined the Spirit Group in 2006, initially as an Investment Specialist and was later appointed as Cape Town Regional Manager. He has subsequently held several key positions within the Spirit Group, becoming Managing Director and Head of Asset Management in 2016.
Tiaan Meyer
Chief Financial Officer
Tiaan is the Chief Financial Officer of Accorn and a member of the Spirit EXCO. Tiaan graduated from the University of Stellenbosch and qualified as a Chartered Accountant in 2012. He started his career as an auditor where he gained valuable exposure across various industries, ranging from small investment firms to JSE listed companies.
Before joining Accorn Tiaan spent five years at Woolworths in the Corporate Finance division, first as Group Accountant and subsequently moving into the Africa division where he played an integral part in growing the business across the continent. Tiaan has a wealth of experience with respect to IFRS and Taxation.
Tiaan joined the holding company, Spirit Invest, in 2015 where he started as the Head of Finance. He was promoted to Financial Director of Spirit Invest in 2017.
Before joining Accorn Tiaan spent five years at Woolworths in the Corporate Finance division, first as Group Accountant and subsequently moving into the Africa division where he played an integral part in growing the business across the continent. Tiaan has a wealth of experience with respect to IFRS and Taxation.
Tiaan joined the holding company, Spirit Invest, in 2015 where he started as the Head of Finance. He was promoted to Financial Director of Spirit Invest in 2017.
Ryan Magee
Chief Operations Officer
Ryan is a matriculant of historic Wynberg Boys’ High School. He is a University of Cape Town alumnus, holding multiple degrees, BSocSci LOPHRM, a BSocSci Honours degree in Change Management and a Master’s degree (MSocSc) in Organisational Psychology.
He has held a range of important managerial positions within the Spirit Group, leading to his promotion as Chief Operating Officer. With this depth and range of experience and understanding, Ryan brings gravitas and versatility to leading operations with the Group.
He has held a range of important managerial positions within the Spirit Group, leading to his promotion as Chief Operating Officer. With this depth and range of experience and understanding, Ryan brings gravitas and versatility to leading operations with the Group.