Peregrine Capital Up 30% Annualized For 17 Years, To Close Soon To New Investments by Opalesque.tv
Peregrine Capital was founded in July 1998 by Clive Nates and David Fraser. Now in its 17th year, it is the oldest hedge fund manager in the South African market and has displayed a consistent investment ethos since inception. Peregrine Capital accounts for around 8% of the South African industry asset base. Management team owns 50% of the management company, while Peregrine Holdings Limited (a JSE listed financial conglomerate) owns the remaining 50%.
The company is predominantly focused on the South African listed equity market through one investment philosophy and style (bottom up, stock picking) but offers four strategies with varying risk levels, including two funds with US-$ classes.
Peregrine Capital’s High Growth Fund has been compounding at 30% annually since inception. Their initial investor enjoyed a 60x return. Over that time period the South African equity markets have also performed strongly, however the team at Peregrine has even outperformed the local market by over 100% year on year, which is a credible demonstration of consistent Alpha. Peregrine Capital can also invest in listed property, bonds and offshore opportunities. All of Peregrine Capital’s Rand based funds will close to new investments at the end of October, and there is only $50m capacity left in the US-$ based funds.