Sat, Oct 1, 2016
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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to