Strategic Investors: Profiles of investors with strategies to consider.
Magda Wierzycka, CEO of South African asset manager Sygnia Group, commands a rapt audience in her home market, across sub-Saharan Africa and in markets worldwide. After a childhood spent in an Austrian camp for refugees from Poland’s communist government, Wierzycka built one of South Africa’s best known names in the continent’s financial sector by leveraging her actuarial skills with the latest technology.
A frequent critic of corruption and mismanagement in South Africa’s ruling African National Congress (ANC), she came under fire herself in August 2018 when, after 13 years, she shut down Sygnia’s hedge funds, denouncing the model as one that became a management-fee racket. She spoke with Karma Network Contributing Editor Michael Moran about that decision, the importance of technology as an investment tool, and prospects for her adopted country.