5%
Contribution to Group profit from continued operations
(2024: 3%)
71
Number of permanent employees
(2024: 63)
N$57.1 billion
Value of AUM
(2024: N$46.6 billion)
CAPRICORN ASSET MANAGEMENT
Date of establishment: CUTM 2000 and CAM 2006
Head office: Windhoek, Namibia, MD: Tertius Liebenberg
Capricorn Asset Management (“CAM”) is Namibia's largest asset manager, with N$57.1 billion of AUM, an increase of 22.5% from 2024. CAM was established in 2006 and provides segregated asset management services to institutional investors (which includes pension funds) and manages and administers the Capricorn Unit Trusts. CAM's key offerings are provided under various Namibia Financial Institutions Supervisory Authority (“NAMFISA") registered licences.
Capricorn Unit Trust Management Company (“CUTM") is a registered unit trust management company established in 2000 with the launch of the Capricorn Selekt Fund. CUTM's market share at the end of June 2025 was approximately 37.4%, with 16 unit trusts covering all major asset classes, including cash, bonds, property, equity, and international equities.
CAM offers a wide range of investment products and services across the risk spectrum to retail, wealth, corporate and institutional investors, including pension funds, insurance companies, and financial intermediaries.
The Capricorn Investment Platform is provided under CAM as a registered linked investment service provider (“LISP"). It provides access to the full range of Capricorn Unit Trusts, selected funds from other third-party unit trust managers, and direct access to Namibian government bonds and Treasury Bills. In addition, CAM also provides easy access to Capricorn Online, the digital service platform for viewing and managing investment portfolios.
