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From Precy Dumlao, Opalesque Asia:

South African prime broker Peregrine Securities said that December was the best month for SA hedge funds, as they went up 3.42%. The Peregrine Prime Hedge Fund Index was up 22.15% for 2009.

The Peregrine group’s AuM is estimated at over $4.65bn, with $1.31bn exposed to various hedge fund strategies. We learned last month that it had established a cap intro group.

South African hedge funds with Peregrine Prime have recently been hitting strides, after recording an increase in asset value last year.

This development helped long short funds to outperform the Top40 returning 4.11% on average, while market neutral funds added 1.89% and multi-strat funds 3.8%. It was observed that larger funds did considerably better than the average in each category, as well as those with teams covering the desk during the year-end holidays.

Peregrine Prime will publish a review of the past year to look at three-year data leading to 2009 by the end of January.

According to Peregrine, the rebound experienced in the last quarter of 2009 reflected the return in market confidence and the positive outlook for 2010, with bullish views on the strength and robustness of the economic revival dominating, along with a view that risk is subsiding. All the tradable indices posted high p......................

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