Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Peregrine’s South African hedge funds closed 2013 on high note

Thursday, January 23, 2014

Komfie Manalo, Opalesque Asia:

Hedge funds serviced by Peregrine Holdings’ unit Peregrine Capital ended 2013 on a positive note, adding further gains consistent with strong market performance on all fronts.

Industrials were ahead of the pack at +4.3% in December (+38.1% YTD) followed by Financials at +2.9% during the same month (+19.8% YTD). These sectors thus continue a remarkable period where, spanning 24 months, returns of +98.1% and +64% respectively have been achieved.

Resources ended a turbulent year weakly positive, adding +1.8% for the month leaving its YTD figure at +2.8%. In aggregate, the Johannesburg All Share’s strong return of 3.0% for the month sees its YTD figure cross the 20% mark, sitting at 21.4%.

Warren Chapman of Peregrine Capital said, "We show an equally-weighted average in addition to our standard asset-weighted average returns, in order to display a number less influenced by the performance of the largest funds. As a preliminary screening, we only include funds with an NAV greater than R10m ($1m)."

In the South African hedge fund space, equity long-short funds added +1.18% in December (following a fair +1.05% return in November) while market neutral funds continued to do well, adding +0.77% for December (from +0.49% in November). All delivered excellent YTD numbers, with equity long-short (at 30.2%) remaining well ahead and Market Neutral (at 15.6%) also finishing well," Chapm......................

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und