Cyclist Investments

Welcome to Cyclist Investments

Institutional-Grade Investing for HNWIs:
The Tandem Advantage

At Cyclist Investments, we bring institutional-level strategy, insight and discipline to high-net-worth investors through our innovative Tandem Investing approach and Activity-Based Pricing model.

Benefits of our Model

Why We Do Things Differently

The data is clear but the industry hasn’t changed. The vast majority of fund managers consistently fail to deliver value after fees. We believe this stems from a flawed model: charging high fees for benchmark-like performance.

In a world of mediocre outcomes, we are built for exceptional ones.

Our response is a fundamental rewiring of our approach:

We are Pragmatic

Invest in what works, not according to any one dogmatic style.

We Seek Asymmetry

We structure portfolios to limit downside while positioning to fully capture upside, ensuring that when we are right, the wins are meaningful.

We are Contrarian by Design

We have the courage to look where others aren’t but only when the evidence supports it.

Our Services

What We Do

A Partnership Where You Lead

01 Tandem Investing

At Cyclist Investments, we believe you should be in the driver’s seat of your financial future. Our unique Tandem Investing service makes this a reality.

Beyond the Spreadsheet

02 Institutional Equity Analyst Training

Our program goes beyond theory. It equips analysts to think critically, make strategic decisions, and gain a true investment edge.

Your On-Demand Investment Team

03 Asset Manager Consulting

Cyclist Investments provides elite, flexible support across the entire investment value chain. We act as an extension of your team, offering the strategic insight of a global institution without the overhead of permanent hires.

About us

Chief Investment Officer: Vaughan Henkel

Vaughan Henkel is a seasoned investment professional with over 26 years of frontline experience across global institutions, specialising in equity research, portfolio management, and investment strategy. He is the Founder and CIO of Cyclist Investments, established in 2025.

At Cyclist Investments, Vaughan brings decades of global expertise to provide institutional-grade portfolio advisory, research insights, and tailored investment strategies for high-net-worth individuals. His approach blends disciplined research, long-term strategy, and a perspective shaped by both markets and endurance sports.

Professional Experience and Credentials

2025–Present

Founding CIO

Cyclist Investments

Launched a specialized investment firm offering institutional-grade portfolio and research advisory.
Developed the proprietary "Tandem Investing" model, providing HNW clients with institutional strategies through an activity-based fee structure.

2021–2025

Head of Securities Solutions

PSG Wealth

Managed a R5 billion multi-strategy fund suite spanning SA Equity, Global Equity, SA Property, and a Hedge Fund.
Architected the firm’s research process, philosophy, and analyst training program, mentoring professionals from entry to mid-level.
Delivered macroeconomic and equity research insights to a network of financial advisors.

2013–2021

Portfolio Manager & Investment Strategist

STANLIB

As Portfolio Manager (2017–2021), co-managed top-quartile performing multi-asset funds with CPI+4% mandates and capital protection goals, overseeing South African and Namibian institutional portfolios.
As Investment Strategist (2013–2017),led firm-wide asset allocation and equity strategy, coordinating research input for franchise fund managers and covering Industrial sector equities.

2000–2013

Head of Research & Equity Analyst

International Sell-Side Research

Held senior research roles at UBS, JP Morgan, Deutsche Bank, Credit Suisse, and RMB Morgan Stanley.
As Head of Research and South African Strategist, managed a team of 14 analysts, driving equity strategy and asset allocation, with recognized rankings in Financial Mail, Institutional Investor and Extel surveys.
Covered the Telecommunications sector, earning repeated top-three rankings in the Financial Mail over five years, including the 1 position. Recognized as part of Deutsche Bank’s 1-rated South African research team in the 2007 Institutional Investor survey.
Played a key role in the landmark 2003 IPO of Telkom.

Authorised FSP

(55 317)

Chartered Alternative Investment Analyst

Chartered Financial Analyst (CFA)

Bachelor of Science in Electrical Engineering

Management Advancement Programme

We do things differently because we believe that "The current fund management model is working, just not for you"

Contact us

Ready to transform your financial future with us?

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