Varshan Maharaj

Varshan joined Allan Gray in 2014 as an equity analyst. He was appointed as a portfolio manager in 2020 and manages a portion of the frontier markets equity portfolio. Varshan holds a Bachelor of Business Science degree from the University of Cape Town. He is a qualified Chartered Accountant and a CFA^® charterholder.

Articles by Varshan Maharaj

Putting heads in beds: Checking in on the hospitality sector

By Varshan Maharaj on 31 Oct 2024

Reading time: 10 mins

It has been said that travel is the only thing that one buys that makes you richer. Consumers seem to agree with this sentiment, evidenced by an increasing...

Frontier markets: Innovative industry leaders drive returns

By Varshan Maharaj on 14 Apr 2024

Reading time: 3 mins

There are many variables to consider when investing in frontier markets, and investors need to weigh up the risks very carefully as they pursue long-term...

Peering through the smoke

By Siphesihle Zwane and Varshan Maharaj on 04 May 2023

Reading time: 13 mins

A lot has changed in the tobacco industry in the last decade or so. Despite the changes in what used to be a stable industry, the attractive aspects of tobac...

Dialling in to the mobile network operators

By Varshan Maharaj on 01 Jul 2020

Reading time: 7 mins

MTN has underperformed the FTSE/JSE All Share Index (ALSI) significantly over the last five years. It has been one of our largest underweights compared to ou...