About Jacobus Lacock
Jacobus joined Fairtree in 2011 and is a Multi-Asset Portfolio Manager & Macro Strategist as well as a Fixed Income Portfolio Manager in the Investment team. Prior to joining Fairtree, he spent five years at Goldman Sachs Asset Management in London, where he served as UK Head of Fixed Income and Currency Product Management. He holds a Bachelor of Commerce Honours degree in Economics from the University of Stellenbosch and is a CFA® charterholder.
Started in the investment industry
Joined Fairtree
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In this episode, Jacobus Lacock discusses market performance over January, the nomination of Kevin Warsh as the new Fed Chair, and recent South African news, including updates from the SARB and the AGOA extension.
Fairtree Outlook 2026 | Macro and Markets
A sensible starting point for the year ahead is to locate where we are in the policy cycle. Globally, central banks delivered roughly 100 basis points of GDP-weighted rate cuts during 2025.
Fairtree Outlook 2026 | Fixed Income & Currency
South African government bonds delivered exceptional returns in 2025. The FTSE/JSE All Bond Index (ALBI) rose 24.2%, the strongest calendar year performance since 2000, following a 17.2% gain in 2024.
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