PREMIUM: Andrew Canter: How Futuregrowth missed wealth destroying disasters of Abil, Steinhoff.

LONDON — Futuregrowth's chief investment officer Andrew Canter has once again shown his mettle. Not one cent of his company's R180bn portfolio was invested in the disastrous Steinhoff. This is the second massive value destructive event his team has missed, after it sounded the warning long before the last major disaster, Abil. I asked an initially reluctant Canter to explain how he managed to miss the pothole that virtually everyone else in SA's money management world stepped into. And put what for him is an entirely theoretical question – what would he do if he owned Steinhoff debt or shares. His response was as insightful as ever. – Alec Hogg

On the line now from CT is the chief investment officer of Futuregrowth, Andrew Canter. Andrew, the last time we saw something approaching the debacle of Steinhoff was around the time of African Bank. I remember we spoke a lot at that period of time. Steinhoff, like African Bank, had quite a lot of investable assets out there for a company like yours that invests in fixed interests. Did you own any of the bonds?

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