Question 06
Would we invest in us?
We eat our own cooking. What is your appetite?
Managers come and go. Some lose their edge. Some change to chase fads and gather assets. Some retire. Some sell the firm and move on. We’re here to stay. By design, our ownership structure is perpetual, which forces us to think very carefully about the long term.
The people managing our clients’ money are also managing assets invested in the Orbis funds on behalf of the philanthropic foundation, their colleagues and their families. With our own money on the line, we have a keen interest in ensuring that Orbis can continue to deliver superior returns for generations to come.
The alignment runs beyond today’s investment team. Our senior investors and leaders keep a financial interest in the firm for 12 years after they leave, so the generation handing over the firm remains tied to the generation taking it forward. We are now on our fourth generation of investors and have shown that our philosophy can be passed on without losing its character and structure. Each generation has a responsibility to protect it and always improve the way it is applied. People change. Markets change. The philosophy endures because the firm has been built to carry it forward.
We're not for everyone. We’re built for those who see the value of investing differently.
There's an old test worth applying to anyone managing money: do they eat their own cooking? At Orbis, the answer is yes, at scale. The firm's founders, owners, management and employees, along with their families, invest in the Orbis Strategies alongside clients, on identical terms and paying the same fees. As a group they are among the largest investors in the funds. If you are frustrated with our performance, you can be sure that we are even more frustrated with ourselves.
And if you are thinking of the decades and generations ahead, so are we. Our most senior investors and leaders of the firm have an interest in the firm’s profits that extends for 12 years after they leave the firm. When they walk out the door on their last day at Orbis, much of their personal wealth and their future income will be in the hands of the generation they have left behind. Leaving the firm in better shape than you found it isn't an empty platitude here.
Built for the long term across markets and decision makers We aim to deliver superior returns through bottom-up stock selection. (annualised returns, GBP)
30 Jun 2026 | The value of your investment with Orbis may fluctuate and returns are not guaranteed. Returns may decrease or increase as a result of currency fluctuations. When making an investment with Orbis, an investor’s capital is at risk. Please refer to the respective prospectus or offering document for full information on the risks associated with investing. Net returns for Orbis Global, Balanced and Cautious are for the OEIC Standard Class. Net returns for Orbis Japan, International and Emerging Markets are for the Wholesale RRF (A) Class. WHT stands for withholding tax. Performance has been calculated since each Fund’s inception date (Orbis SICAV Japan: 1 Jan 1998; Orbis SICAV Emerging Markets: 1 Jan 2006; Orbis OEIC Global: 1 Jan 2014; Orbis OEIC Global Balanced: 1 Jan 2014; Orbis SICAV International: 1 Apr 2014; Orbis OEIC Global Cautious: 1 Jan 2019). ^On 1 Nov 2016, the Fund broadened its mandate from Asia ex-Japan equities to include all Emerging Markets equities. Its name changed accordingly, and its benchmark changed from the MSCI Asia ex-Japan Index to the MSCI Emerging Markets Index. *The 60/40 Index is a composite index consisting of the MSCI World Index with net dividends reinvested (60%) and the JP Morgan Global Government Bond Index (hedged into GBP from 1 January 2018, and expressed in GBP prior to 1 January 2018) (40%). †The 30/70 Index is a composite index consisting of the MSCI World Index with net dividends reinvested (30%) and the JP Morgan Global Government Bond Index, hedged into GBP (70%). The Orbis SICAV and its Sub-Funds are authorised overseas, but not in the United Kingdom. The Financial Ombudsman Service is unlikely to be able to consider complaints related to Orbis SICAV, its operator or its depositary. Any claims for losses relating to the operator and the depositary of Orbis SICAV are unlikely to be covered under the Financial Services Compensation Scheme. Prospective investors should consider getting financial advice before deciding to invest and should see the prospectus for more information.
That’s what keeps us going every day. To make a difference for clients and to ensure that we can keep doing it for generations to come. It’s an approach that has stood the test of more than 35 years at Orbis and we’re on our fourth generation of investors; and more than 50 years at our sister company Allan Gray in South Africa, which is currently on its sixth generation of investors. It has been a challenging journey at times but ultimately rewarding. For those who crave independent thinking, long-term discipline, and intellectual honesty, that's what we've built here.
Our approach is not a good fit for everyone
There's an old test worth applying to anyone managing money: do they eat their own cooking? At Orbis, the answer is yes, at scale. The firm's founders, owners, management and employees, along with their families, invest in the Orbis Strategies alongside clients, on identical terms and paying the same fees. As a group they are among the largest single investors in the funds. If you are frustrated with our performance, you can be sure that we are even more frustrated with ourselves.
We're not for everyone. We’re built for those who see the value of investing differently.
And if you are thinking of the decades and generations ahead, so are we. Our most senior investors and leaders of the firm have an interest in the firm’s profits that extends for 12 years after they leave the firm. When they walk out the door on their last day at Orbis, much of their personal wealth and their future income will be in the hands of the generation they have left behind. Leaving the firm in better shape than you found it isn't an empty platitude here.
Built for the long term across markets and decision makers We aim to deliver superior returns through bottom-up stock selection. (annualised returns, GBP)
30 Jun 2026 | The value of your investment with Orbis may fluctuate and returns are not guaranteed. Returns may decrease or increase as a result of currency fluctuations. When making an investment with Orbis, an investor’s capital is at risk. Please refer to the respective prospectus or offering document for full information on the risks associated with investing. Net returns for Orbis Global, Balanced and Cautious are for the OEIC Standard Class. Net returns for Orbis Japan, International and Emerging Markets are for the Wholesale RRF (A) Class. WHT stands for withholding tax. Performance has been calculated since each Fund’s inception date (Orbis SICAV Japan: 1 Jan 1998; Orbis SICAV Emerging Markets: 1 Jan 2006; Orbis OEIC Global: 1 Jan 2014; Orbis OEIC Global Balanced: 1 Jan 2014; Orbis SICAV International: 1 Apr 2014; Orbis OEIC Global Cautious: 1 Jan 2019). ^On 1 Nov 2016, the Fund broadened its mandate from Asia ex-Japan equities to include all Emerging Markets equities. Its name changed accordingly, and its benchmark changed from the MSCI Asia ex-Japan Index to the MSCI Emerging Markets Index. *The 60/40 Index is a composite index consisting of the MSCI World Index with net dividends reinvested (60%) and the JP Morgan Global Government Bond Index (hedged into GBP from 1 January 2018, and expressed in GBP prior to 1 January 2018) (40%). †The 30/70 Index is a composite index consisting of the MSCI World Index with net dividends reinvested (30%) and the JP Morgan Global Government Bond Index, hedged into GBP (70%). The Orbis SICAV and its Sub-Funds are authorised overseas, but not in the United Kingdom. The Financial Ombudsman Service is unlikely to be able to consider complaints related to Orbis SICAV, its operator or its depositary. Any claims for losses relating to the operator and the depositary of Orbis SICAV are unlikely to be covered under the Financial Services Compensation Scheme. Prospective investors should consider getting financial advice before deciding to invest and should see the prospectus for more information.
That’s what keeps us going every day. To make a difference for clients and to ensure that we can keep doing it for generations to come. It’s an approach that has stood the test of more than 35 years at Orbis and we’re on our fourth generation of investors; and more than 50 years at our sister company Allan Gray in South Africa, which is currently on its sixth generation of investors. It has been a challenging journey at times but ultimately rewarding. For those who crave independent thinking, long-term discipline, and intellectual honesty, that's what we've built here.
Our approach is not a good fit for everyone
Keep exploring our questions
©All rights reserved 2026
Approved for issue in the United Kingdom by Orbis Investments (U.K.) Limited, which is authorised and regulated by the Financial Conduct Authority. Orbis Investments (U.K.) Limited is incorporated in England & Wales under company number 8138002. Registered office address: 28 Dorset Square, London, NW1 6QG.