RECM was founded 2003 as a traditional third-party fund management business By Piet Viljoen. A few years later, Jan van Niekerk joined. Our investment approach is unashamedly based on fundamental research and we aim to purchase assets for our various portfolios which are cheap relative to its intrinsic value. We therefore sometimes invest in areas that are profoundly unpopular. As our business grew, some of its activities were better suited under separate, dedicated management teams.