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Alternative Market Briefing

Peregrine reports their South African hedge funds have achieved positive performance across the board

Monday, November 12, 2012

Beverly Chandler, Opalesque London: Warren Chapman of South Africa’s Peregrine Prime Services reports that the South African hedge funds serviced by the firm enjoyed a good October with performance positive across the board.

Average returns before fees for asset weighted equity hedge funds were 2.55% over October, and equity weighted came in at 2.19%. Asset weighted long/short equity hedge Funds achieved a return of 2.82%, with equally weighted at 2.72% while market neutral equity hedge funds achieved 0.93% asset weighted and 1.23% equally weighted.

Year to date the South African hedge funds, asset weighted before fees, serviced by Peregrine Securities’ Prime Services have achieved 21.9% in equity hedge funds, 24.8% in long/short equity hedge funds and 8% in market neutral equity hedge funds.

Chapman commented: "Hedge Funds serviced by Peregrine continued to extend gains with strong performance in October, returns similar to those of August." In additional comment, Peregrine’s Barry du Toit analysed the findings of two academic papers, Andrea Frazzini and Lasse Pedersen’s Betting against Beta and Buffett’s Alpha, published in early October and reported on in Opalesque here.

The papers outed Warren Buffett as a closet quantitative hedge fund manager. Du Toit says: "Buffett has historicall......................

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