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From Precy Dumlao, Opalesque Asia:
Peregrine Holdings Ltd, the Sandton, South Africa-based global provider of wealth- and alternative asset management solutions has released the results of its six single manager hedge funds with mixed gains and losses for December and 2010. The biggest gainer was its fixed income Green Oak LLP which was up 1.1% in December (+20.7% YTD, +77.5% since inception in December 2006). Another fixed income strategy fund, Go Green LLP was up 0.8% during the month (+29.5 YTD, +31.7% since inception in December 2009).
Green Oak Capital was acquired by Peregrine Group in April last year when its unit, Peregrine Financial Services Holdings Ltd., bought 50% of the fund from Green Oak founders, Willie Viljoen and Rean Smit.
"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." Viljoen was quoted as saying at the time of the purchase.
In a correspondence with inves...................... To view our full article Click here
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