Fri, Dec 9, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

South African hedge fund group Peregrine Holdings to close consulting arm

Monday, September 24, 2012

amb
Leila Lederman
From Precy Dumlao, Opalesque Asia:

Sandton, South Africa-based global provider of wealth and alternative asset management solutions Peregrine Holdings Ltd announced it would close Peregrine Portfolio Innovation Ltd., because of a series of macro drivers that led its board members to reconsider the group strategy.

In her letter to investors, Peregrine’s Managing Director Leila Lederman said that as from 31st October this year, Peregrine will no longer circulate performance updates for the various funds that Innovation represents. Instead, the underlying fund managers will be updating investors directly.

Peregrine Portfolio Innovation is a dedicated consulting business with expertise in hedge funds. It provides investment solutions for sophisticated investors, adopting a consultative approach with institutional investors and their consultants or advisors.

Peregrine’s Ruth Forssman reported in June this year that South Africa-focused hedge funds appeared to have bucked the trend of underperformance in the industry as hedge funds in the region recorded 9.6% for total equity hedge funds, 11% for long/short equity hedge funds and 2.6% for market neutral equity hedge funds during the first half of 2012 (see ......................

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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest