Coldstream Investments,
Multi-Management Done Right
We are a multi-manager in the Lebashe Investment Group , bringing together entrepreneurial solutions, good governance and the long-term Legacy Balance Sheet values of Le-Ba-She. A long-term commitment to doing the right thing makes these portfolios ideal for building capital in a reliable and predictable fashion.
This is us
An expert team delivering aggregated investment solutions where scale benefits the investor.
R5.5billion
of assets under management
at 30 June 2025
4 Umbrella funds
As well as several multi-national
employer funds
Since 2017
Outcome beating performance
for over 8 years
Find out how much more you could save with our lower investment fees.
Portfolio Construction Approach
“To be successful, you don’t have to do extraordinary things. Just do ordinary things extraordinarily well.”
John Rohn
The saying “diversification is the only free lunch in investing” is a well-known maxim in the financial world, attributed to Nobel laureate economist Harry Markowitz, the father of Modern Portfolio Theory.
The phrase suggests that by diversifying your investments, you can reduce your portfolio’s overall risk without giving up potential returns.
The Coldstream portfolios are constructed using Modern Portfolio Theory to target different inflation-beating returns over various periods, with Regulation 37’s low fee and simple investment mindset. By saving 0.5% pa in fees, an investor’s end benefit is expected to be more than 30% greater by the time they retire.
Investment outcomes are largely determined by the long-term mixture of assets in a portfolio. Strategic Asset Allocation is the basis for targeting reliable investment outcomes, rather than style or investment manager selection.
The Coldstream portfolios use market indices and specialist asset managers to target inflation-beating returns.
Portfolio Information
Quarterly Morningstar Report
Monthly RisCura Fact Sheets
Growth Portfolios
- Coldstream Growth Portfolio
- Coldstream Aggressive Portfolio
Capital Protection Portfolios
- Coldstream Consolidator Portfolio
- Coldstream Moneymarket Portfolio
In addition to the above independent services, the Coldstream portfolios use the analytics of Salient Quants and Solve Analytics.
Investment Committee
The investment committee is advised on portfolio construction by RisCura with independent analytics from Salient Quants and Solve Analytics. The portfolios’ assets are held on leading administration platforms.
Andrew Crawford
BCom Hons, CFP®
Director, Certified Financial Planner®
Thabo Mahloele
BusSci Finance Hons, CFA® Level II
Non-executive Director, Chartered Financial Analyst® Level II
Scott Harvey
Certified Financial Planner®
Geoff Blount
BCom Hons, CFP®
Certified Financial Planner®
Our Investment Philosophy and Approach
Our investment philosophy is rooted in:
Real Return Focus:
Portfolios built to deliver inflation-beating returns.
Evidence-Based Allocations:
We leverage global research, asset-class diversification, and Modern Portfolio Theory to enhance returns while managing risk.
Strategic & Tactical Asset Allocation:
We establish long-term Strategic Asset Allocations (SAA) that define the core structure of a portfolio, aligning it with investor objectives, time horizons, and risk profiles. To complement this, we employ Tactical Asset Allocation (TAA), making shorter-term adjustments to capture opportunities or manage risks arising from market dislocations. This balanced approach combines the stability of long-term strategy with the agility needed to react to changing market conditions.
Frequently Asked Questions
How often will I receive investment reports?
Coldstream Portfolios Factsheets are posted monthly under “Coldstream factsheets”
Why is a diversified portfolio needed?
A diversified portfolio is crucial for reducing overall investment risk. By spreading your investments across various asset classes (like shares, bonds, and cash), industries, and geographies, you avoid putting all your “eggs in one basket.”
This approach lessens the impact if one investment performs poorly, helping to smooth out returns and provide a more stable path toward your long-term financial goals.
What is the importance of asset allocation?
Asset allocation is the most critical decision in portfolio management and the primary driver of long-term investment success. It’s the strategic process of dividing your capital among various asset classes (equities, fixed income, cash) based on your risk tolerance and financial objectives.
Effective asset allocation ensures your portfolio is optimally structured to meet your specific goals, managing risks, and significantly influencing its overall performance and resilience