Tue, May 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  3. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former

  4. Institutions - Kentucky pension leans into hedge funds amid governance turmoil, Korea's NPS names finalists for initial $1 billion hedge fund-of-funds allocation[more]

    Kentucky pension leans into hedge funds amid governance turmoil From AI-CIO.com: The Kentucky Retirement Systems moved to increase its hedge fund allocation as controversy reigned over fund leadership. Following a string of high-profile hedge fund exits, the Kentucky Retirement Systems (

  5. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th