Tue, Jun 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Peregrine asset management unit buys 50% of South African fixed income hedge fund firm Green Oak Capital

Monday, April 12, 2010
Opalesque Industry Updates - Peregrine Financial Services Holdings Ltd, a leading provider of wealth and asset management solutions, today announced the purchase of 50% of Green Oak Capital, a fixed income hedge fund management company, as of 1 April 2010.

Green Oak founders, Willie Viljoen and Rean Smit, set up the hedge fund management company within Rand Merchant Bank (“RMB”) in 2007. This Stellenbosch based fixed income manager has established a very successful track record and currently runs two strategies, Green Oak Fixed Income and the more aggressive Go Green Fixed Income strategy.

The Green Oak investment team has on average over 18 years investment management experience. Before setting up the hedge fund business, Willie and Rean managed an internal fixed income portfolio at RMB. Prior to that, Willie established the treasury operation at Coronation Capital while Rean was Group Treasurer at the Cadiz Group.

“We are very excited to be partnering with Peregrine. While the Green Oak team focuses on its passion of generating returns for our investors from the fixed income markets, being part of the Peregrine Group will allow us to leverage off Peregrine’s depth and experience in the local and global hedge fund industry. This means the highest level of quality in terms of operations and corporate governance, while providing access to the global investor base.” says Willie.

Leila Kuhlenthal, Head of Business Development at Peregrine, added “Green Oak is one of South Africa’s most experienced fixed income hedge fund managers. We are delighted to be able to count the investment skills of this team as part of our business. I am confident that they will complement the existing high-calibre suite of hedge funds on the Peregrine platform”.

Jan van Niekerk, Deputy-CEO of Peregrine concluded “We welcome Green Oak Capital to the Peregrine Group. We respect Willie and Rean as investors in the fixed income market. We believe that the addition of the Green Oak Capital team to Peregrine entrenches our very strong position in the local and offshore hedge fund space”.

Corporate website: Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.