Mon, Dec 5, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan