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What we do

Truffle is an independent active asset manager.

We manage a select range of investment funds and strategies, designed to meet the varying needs of South African investors. Backed by a disciplined investment process and a dedicated experience team, we aim to deliver our clients consistent investment success and the confidence that their investment savings are in capable hands.

Why Truffle?

Who we are and how we approach investing makes Truffle unique.

We have fostered an open and dynamic culture where every idea is explored and debated, where decisions are executed swiftly with conviction and where our dedication to the commitments we make to our clients drives our purpose.

Team experience

The individual, long-term experience of our team helps us make well-informed, sound investment decisions.

Proven track record

We have a proven track record of persistent and sustainable investment performance.

Independent and personally committed

We are an independent asset manager and are invested alongside our clients to ensure alignment of interests.

Agile management

Our structure allows us to implement decisions effectively and quickly to take advantage of investment opportunities as they arise.

Focused selection of funds

Truffle offers clients a select range of funds investments focused on achieving consistent results.

Who we are

Truffle at a glance

Our purpose is to achieve long term investment success for our clients. We believe experience provides perspective, uncovers opportunity, and guards against risk.

45

Employee owned

9

Number of carefully selected funds

17

Dedicated investment professionals

270

Combined investment team experience

65

Female employees

42

Black ownership

Data as at 1 October 2025.

Meaning behind our name

Truffles are an edible type of mushroom and are considered one of the most precious commodities in the culinary world. They are a rare, highly sought-after delicacy that requires specialist expertise to grow and harvest.

One of the things that make them so valuable is that they are notoriously difficult to find. They also have an odd shape and a distinct odour. This means that unless you know all about truffles, you are unlikely to recognise one.

In a similar way, we are experts at finding superior investment opportunities to grow our clients’ capital.

Like truffles, superior investment opportunities are scarce. Identifying opportunities with the highest growth potential at an appropriate level of risk requires specialist skills, training, and experience.

It is essential to know what to look for, where to look, and understand the timing. Moreover, one needs to recognise the true potential of an opportunity that may not be obvious to most of the market.

Our name is testimony to our commitment to unearth true value for our clients by delving below the surface.

Looking beyond the world of today.

Truffle is a specialist independent investment manager with a focused selection of funds across equity, fixed income, and multi-asset strategies. Our highly experienced investment professionals hold diverse and complementary skills contributing to our team-based approach.

A fundamental, valuation-based investment philosophy guides our investment process and agile decision-making enables us to take advantage of investment opportunities as they arise. Above all, Truffle is dedicated to finding the best way to invest our clients’ money, to achieve their desired investment objectives.

The value of experience – the foundation of our business and our clients’ investment success.

We believe experience provides perspective, uncovers opportunities, and guards against risk.

At Truffle, we harness the value of our collective experience and cumulative insights.

This allows us to offer:

The value of experience across our team, enabling us to embrace diversity, to learn from one another, and from past decisions.
The value of experience in growing our clients’ investments across different markets and investment cycles.

Our story

Key milestones

Established by a team of experienced and passionate investment professionals in 2008, Truffle has grown into an award-winning specialist asset manager.

2008

Founded by Louis van der Merwe and Hannes van der Westhuyzen.

2010

Iain Power joined the founding team.

2017

IMG acquires a minority stake in Truffle Capital.

2020

Cape Town office established.

2021

Truffle appointed dedicated ESG Analyst.

2022

Truffle became a Level 1 B-BBEE Contributor.