Sat, Oct 10, 2015
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 - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko