recommendations for its readers.

The magazine, which is characterised by its frank speaking and direct style, recommends Orbis Investment Management in this month's issue.

The periodical lists Allan W.B. Gray as chairman and president and says it has $580 million assets under management.

The product range is listed as Orbis Equity Funds which included one global fund, a fund investing in South African and another in Japan.

The investment process is outlined as companies priced below intrinsic value yet have compelling growth potential.

It says the strengths are outstanding long-term, global performance and its weakness listed as dealings can only be conducted on a weekly basis.

It says all the funds can be managed by William Gray and says the website is filled with extensive and detailed information.

The minimum investment is $50,000 -- plus $1,000 thereafter. The address is listed as the LPG Building, 34 Bermudiana Road, Hamilton HM 11, Bermuda and is online on www.orbisfunds.com.

It is listed alongside Malabar, in London, which has $950 million of assets under management and was founded in 1987.

It states: Founder Rustom Jehangir and two in-house analysts make all the decisions from a top-down, industry-based perspective. It tends to think in terms of 'themes' and then buys baskets of stocks that are best positioned in the chosen sector.'' Also listed is London-based Montpelier, founded in 1992 with $150 million under managment and Wagner Funds, formed in 1992 has $8.8 billion under managment and is based in the US.