Wed, Aug 16, 2017
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 started 2013 strongly with positive gains

Wednesday, February 06, 2013

Komfie Manalo, Opalesque Asia: Sandton, South Africa-based global provider of wealth and alternative asset management solutions Peregrine Holdings Ltd., said the all the hedge funds it services started the year very strongly with equity long/short funds posting gains of 4.45% in January (following a good performance of 1.53% in December) while market neutral funds also performed well with gains of 1.34% (versus 0.58% for December).

"January saw global markets experience impressive moves to the upside with major indices moving to within touching distance of their pre-crisis highs. The 'crisis’ felt like a thing of the past. Volatility in stocks, as captured by the VIX index, is at its lowest since early 2007 and close to a historic low. Equity mutual funds and exchange traded funds in the US took in a record net inflow of cash from customers last month, beating a record that has stood since the top of the dotcom boom 13 years ago, according to research company TrimTabs," Warren Chapman of Peregrine said.

According to Chapman, the South African equity markets moved from one high to another boosted by an up-weighing in the popular Vanguard Emerging Market Fund. Volatility, as measured by the TOP40 and SWIX near contracts, traded at almost unprecedented lows, he said.

Another Peregrine executive, Faizel Essop added, "Markets can create their own reality. The sentiment that the crisis is over itself helps to de......................

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. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. FinTech - Have you heard of NEO "the Chinese rthereum"? Well it's up 13000% this year, Bitcoin exchange operator sued in Singapore, Robot takeover postponed as quant funds flattened in equities[more]

    Have you heard of NEO "the Chinese rthereum"? Well it's up 13000% this year From Linkedin.com: China is the world's largest market for FinTech by far. But up to this point, it is yet to have a domestic cryptocurrency reach to heights like Bitcoin (BTC) or Ethereum (ETH). That's about to

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos