Sun, Feb 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Peregrine figures show South African hedge funds are bucking the trend

Wednesday, June 06, 2012

Beverly Chandler, Opalesque London: South African based provider of prime services and wealth manager, Peregrine Holdings, has revealed end May estimated returns for their portfolio of South African equity-centric hedge funds, relative to the performance of the market. Peregrine’s Ruth Forssman comments: "Hedge fund returns were flat in a weak month for markets, with market neutral funds returning a credible 0.5%. This performance was sufficient to allow our weighted hedge fund return to open up some outperformance against the broad equity market indices, which suffered a significant pull-back on the month".

South African hedge fund returns, calculated from those funds serviced by Peregrine Securities Prime Services, showed that on an asset weighted, before fees, basis, total equity hedge funds achieved a return of just 0.07%, while specifically long/short equity hedge funds lost 0.02% over May. Market neutral returns in the sector achieved 0.52% returns over the month.

Looking at the year to date figures, before fees, South Africa appears to be bucking the trend in hedge funds globally with returns of 9.6% for total equity hedge funds, 11% for long/short equity hedge funds and 2.6% for market neutral equity hedge funds.

Forssman commented: "May saw substantial weakness across all sectors, as European worries returned to centre stage. A few points are worth noting in interpreting where market......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would