Peregrine Capital

Thank you NinetyOne for including us in this year’s NinetyOne Adviser Forum where our Head of Distribution, Alan Yates, presented on the reasons to be optimistic about the market outlook while also emphasising the importance of downside protection.

While the future certainly appears brighter than it did a year ago, we’re mindful of the potential bumps in the road. We will continue exploring ways to help our clients navigate these challenges effectively while delivering the best of both worlds: solid returns without sleepless nights.

For more information about our funds visit www.peregrine.co.za/funds

Edition 6 of our newsletter - The Hundred Times – has been published! In this issue, Jacques Conradie, our CEO, gives his perspective on Q3 2024, following the semi-annual investor letter we published earlier this year.

The newsletter also includes our views and news about our business, our funds, and why hedge funds should form part of a growing and diversified investment portfolio.

Read the full newsletter here: https://peregrine.maglr.com/newsletter-october1/newsletter

The Hundred Times: Edition 6 - October 2024 Welcome from Jacques Conradie, our CEO and Portfolio Manager

A big thank you to the incredible women who joined us yesterday at our inaugural Women in Wealth event hosted at Discovery HealthyFood Studio. It was a fantastic opportunity to connect with a community of inspiring women.

The event featured live demonstrations from three dynamic experts: Chef Ashleigh Levin, Movement Coach, Phoebe Poggiali-Trapani, and Wellness Professional, Megan Cotzee, who shared their insider tips on recharging the mind, body, and confidence. Their insights helped set the stage for a truly rejuvenating experience.

Here's to empowering each other and embracing growth together!

It was a pleasure to meet everyone at the Peregrine Capital activation on hole 1 at the Allan Gray golf day today! What a fun day out ⛳

Stay ahead with the latest insights from our Newsletter, The Hundred Times!

Our upcoming Newsletter will feature an update on our funds' performance and expert market analysis from our investment strategy team. Don’t miss out, subscribe now to get it delivered straight to your inbox.

Sign up here: https://www.peregrine.co.za/ -connected

A warm welcome to Lebogang Kaziwa who joined our team in the month of September.

We wish you all the best in your new role Lebogang!

We are pleased to be participating in the Miton Optimal South Africa’s Hedge Funds Unpacked national roadshow which started in Cape Town yesterday. Waldo Booysen, our Investment Specialist, shared his insights on market neutral hedge funds.

Thank you to Miton Optimal for including our team, and our colleagues from Steyn Capital Management, Fairtree, Cartesian Capital (PTY) Ltd and 36ONE Asset Management for an excellent start to this series of events.

Peregrine Capital | Fund Returns | September 2024

Our flagship High Growth and Pure Hedge QI funds delivered net returns of 8.5% and 5.5% respectively for the third quarter of 2024. This compares with the JSE Capped Swix All Share Index, which gained 9.6% in the quarter. It is worth noting that the strong fund returns for the quarter were generated while assuming far less risk than the market as a whole.

Please click on the links below to access our latest fund factsheets:

Peregrine Capital High Growth H4 QI Hedge Fund: https://bit.ly/3PVkwAK
Peregrine Capital High Growth H4 Retail Hedge Fund: https://bit.ly/3RWbKFn
Peregrine Capital Pure Hedge H4 QI Hedge Fund: https://bit.ly/3rPOEFQ
Peregrine Capital Pure Hedge H4 Retail Hedge Fund: https://bit.ly/3ZRcbmi
Peregrine Capital Dynamic Alpha H4 QI Hedge Fund: https://bit.ly/3FyaAIZ
Peregrine Capital Global Equity Prescient Feeder Fund: https://bit.ly/48RUEOO
Peregrine Capital Global Equity Fund: https://bit.ly/3ZQOU3M

Full disclosures: https://bit.ly/4eHkury

Today, on International Day of the Girl Child, we had the privilege of hosting 20 brilliant young ladies from Minerva Secondary School in Alexandra for the CFA Society South Africa Day of the Girl 2024. This initiative opens doors for these bright minds to explore the world of finance, especially the dynamic investments industry, giving them a real-world glimpse into the exciting roles and opportunities available.

A huge thank you to CFA Society South Africa for making this incredible event possible and a heartfelt thank you to our amazing team: Tania Formilan, Anton Smit, Alan Yates, Jamie White, Nicole Baron, Genevieve Field, Gugulethu Pesha, Kristen Koen, Danni Dixon, Mahlatse Nkoana, Monica de Beer, and Felicia Mlanjana, who generously shared their time and expertise to inspire and empower the next generation.

The future is bright, and it belongs to these girls! We're honoured to support them on their journey.

A special thanks to our supporters who joined us and our Portfolio Managers (David Fraser, Justin Cousins, and Simon Steyn, CFA) at our Peregrine Insider Investment Update today. The conversation, facilitated by Alan Yates, was a great mix of market insight from our investment team in addition to information around our core values which drives our investment process.

Peregrine Capital | Fund Returns | August 2024

In August, equity markets ended the month up, continuing their expansion despite the considerable intermonth volatility. The MSCI All Country World Index returned +2.5% and the S&P500 +2.4%, in USD. Locally, post-election optimism persisted, with the JSE Capped SWIX producing +1.3% in ZAR.

The Peregrine Capital Pure Hedge and High Growth Funds ended the month in positive territory, driven by strength in real estate and communication services holdings. The strong performance of both local and international markets meant that equity hedges were detractors to the funds’ performance.

Portfolio positioning remains balanced, and we continue to focus on actively identifying dislocations in asset prices to capitalize on pair trading opportunities. This strategy allows for flexibility in gross exposure without increasing exposure to market risk, a prudent approach given the ongoing market uncertainties.

Please click below to access our latest fund MDDs:

Peregrine Capital High Growth H4 QI Hedge Fund: https://bit.ly/3PVkwAK

Peregrine Capital High Growth H4 Retail Hedge Fund: https://bit.ly/3RWbKFn

Peregrine Capital Pure Hedge H4 QI Hedge Fund: https://bit.ly/3rPOEFQ

Peregrine Capital Pure Hedge H4 Retail Hedge Fund: https://bit.ly/3ZRcbmi

Peregrine Capital Dynamic Alpha H4 QI Hedge Fund: https://bit.ly/3FyaAIZ

Peregrine Capital Global Equity Prescient Feeder Fund: https://bit.ly/48RUEOO

Peregrine Capital Global Equity Fund: https://bit.ly/3ZQOU3M

Full disclosures: https://bit.ly/3Xyjm3l

READ: In celebration of Heritage Month, this Moneyweb article celebrates the legacy of our 26-year journey of market-beating performance and resilience as South Africa's longest-running hedge fund manager.

Full disclosures: https://bit.ly/3Xyjm3l

Celebrating the legacy of SA’s oldest hedge fund manager Peregrine Capital marks 26 years of market-beating performance and unwavering resilience.

Our Investment Specialist, Marnus Briedenhann, was recently at the Sanlam Personal Portfolios Investment Summit in Windhoek. Together with other industry experts, they discussed the growing role of hedge funds in retail portfolios, emphasising their flexibility compared to traditional long-only unit trusts.

Strategies like short selling and leverage, coupled with increasing regulation, are making hedge funds more accessible to retail investors. Additionally, hedge funds offer diversification, potential for higher returns, and improved risk management, providing new ways to enhance portfolio performance in today's complex markets.

Read our Hedge Fund 101 brochure here: https://peregrine.maglr.com/hedge-1/hedge-101 to learn more about hedge funds.

ICYMI: In this HedgeNewsAfrica interview, Justin Cousins discussed Peregrine Capital's investment strategies in the context of the recent South African elections, highlighting the use of hedge fund tools to manage risk and capitalise on opportunities as a result of this major event. He also discussed our optimism about South Africa's economic future under a coalition government and our investment approaches in both domestic and international markets, including technology stocks and companies like WeBuyCars and Tencent.

Peregrine Capital embraces optimism | HedgeNews Africa Peregrine Capital embraces optimism By Staff Writer - August 1, 2024 Justin Cousins You need to be logged in to view this content. Please Log In. Not a Member? Join Us Previous articleFuturegrowth sees private market potentialNext articleMeeting change head-on: post-election operational strategies f...

READ: 10,000% and counting over 26 years

By investing R1 million in the Peregrine Capital High Growth H4 QI Hedge Fund when it launched in February 2000, you would have over R150 million today*. But the exceptional figures that formed the basis of our incredible success story as South Africa’s longest running hedge fund manager go far beyond returns.

Our formula for success combines our strong work ethic and sound investment philosophy that consistently informs how we pick stocks with emotional stability to execute our strategy in the bull and bear markets.

Read article here: https://www.peregrine.co.za/insights/10-000-and-counting-over-26-years

*as at 31 July 2024

Full disclosures: https://bit.ly/4ditToN

ICYMI: Asset TV South Africa – Hedge Funds Masterclass

Justin Cousins, together with other industry experts, was interviewed by Joanne Baynham about the intricacies of hedge funds, market strategies, and risk management.

The panel discussed reasons to invest in hedge funds, protecting clients from having unlimited losses when shorting, and when they are most excited to run hedge fund money.

Note: registration/log-in is required to view the video.

Hedge Funds I Masterclass I June 2024 Join Joanne Baynham and some of the top hedge fund managers from Laurium Capital, Steyn Capital management and Peregrine Capital as they discuss the intricacies of hedge funds, market strategies, and risk management.

Kavita Patel contributed her views on the future of women in finance in this MoneyMarketing SA article series.

Kavita has seen significant progress been made in terms of supporting women in the financial industry, however there is plenty of scope for a lot more to be done. She advocates joining initiatives, such as the Bloomberg’s Women’s Network that she is a part of, that support the progression of women in the field.

Read the full article below.

I see challenges as an opportunity to learn and adapt | I see challenges as an opportunity to learn and adapt | MoneyMarketing Kavita Patel, Investment Specialist at Peregrine Capital, believes significant progress has been made in terms of supporting women in the financial industry, although much still needs to be done.

This week, during our Quarterly Business Meeting, we had the joy of surprising our colleagues, Nathi Msimango and JP Meyer, with a baby shower as they prepare to embark on the incredible journey of fatherhood.

At Peregrine Capital, we believe in celebrating the milestones that matter most, both professionally and personally. Our family is growing, and we're thrilled to share in these special moments together.

Congratulations, Nathi and JP - we can't wait to meet the little ones!

Unveiling the Power of Compounding: Your Path to Wealth Through Hedge Funds. By Anne Holding, Investment Specialist.

At its core, compounding is the process by which returns on an investment generate their own returns. Imagine a snowball rolling down a hill, growing larger as it accumulates more snow.

Read Anne’s article below to find out more about how Peregrine Capital uses the powerful tool of compounding through our hedge funds to help our clients achieve risk-adjusted returns and financial success through the performance of our funds.

Harnessing the power of compounding Your path to wealth through hedge funds.

AJ Snyman, our Investment Analyst, presented his talk ‘Smooth seas don’t make goods sailors’ at this year’s Investment Think Tank event series held in Pretoria yesterday. His presentation highlighted the fact that hedge funds have a unique and differentiated ability to not only weather storms but to thrive amidst a storm. When the a recession hits, volatility rocks the market and a market drawdown comes, hedge funds have the right tools at their disposal to shield investors from volatility, protect them against the downside and ultimately generate returns regardless of the "weather conditions."

The event has been designed to cater to the needs of financial managers operating outside of South Africa’s main business centres and features numerous presentations from a wide array of investment managers and discretionary fund managers, as well as several moderated panel discussions that are lively and topical.

If you’re attending the Investment Think Tank events in Mbombela - 15 Aug, Potchefstroom - 20 Aug, Bloemfontein - 22 Aug, Durban - 27 Aug and Port Elizabeth - 29 Aug, please make sure to meet our team to discuss our range of hedge funds and our approach to investing.

Note: tickets are sold out for these events.

Peregrine Capital | Fund Returns | July 2024

In July, global equity markets continued their rise despite the persistent geopolitical and economic uncertainties, with the MSCI All Country World Index returning +1.6% in USD. In contrast to the S&P500’s performance of +1.2%, the tech-heavy Nasdaq faced challenges, ending the month down 0.7% in USD. Locally, post-election optimism drove the JSE Capped SWIX to deliver robust returns of +4.1% in ZAR, again marking it as one of the best performing emerging markets.

The Peregrine Capital Pure Hedge and High Growth Funds ended the month in positive territory, driven by strength in industrials and government bonds. The strong performance of both local and international markets meant that equity hedges were detractors to the funds’ performance.

Maintaining a balanced portfolio positioning, our focus remains on actively identifying dislocations in asset prices to capitalize on pair trading opportunities. This strategy allows for flexibility in gross exposure without increasing exposure to market risk, a prudent approach given the ongoing market uncertainties.

Please click below to access our latest fund factsheets:

Peregrine Capital High Growth H4 QI Hedge Fund: https://bit.ly/3PVkwAK

Peregrine Capital High Growth H4 Retail Hedge Fund: https://bit.ly/3RWbKFn

Peregrine Capital Pure Hedge H4 QI Hedge Fund: https://bit.ly/3rPOEFQ

Peregrine Capital Pure Hedge H4 Retail Hedge Fund: https://bit.ly/3ZRcbmi

Peregrine Capital Dynamic Alpha H4 QI Hedge Fund: https://bit.ly/3FyaAIZ

Peregrine Capital Global Equity Prescient Feeder Fund: https://bit.ly/48RUEOO

Peregrine Capital Global Equity Fund: https://bit.ly/3ZQOU3M

Full disclosures: https://bit.ly/4ditToN

Alan Yates, our Head of Distribution, recently participated in the Asset TV South Africa Fund Fit Alternative Session. Alan, together with other industry experts, shared his outlook on our client's use of hedge funds and the tools available when managing this type of fund.

Note: registration/log-in is required to view the video

Fund Fit Summit I Alternatives I Peregrine Capital In this Fund Fit Alternative Session, our experts give us an outlook on the client's use of Hedge Funds. Speakers are: Stewart Spies, Financial Advisor, Graviton Wealth Management Alan Yates, Head: Sales & Distribution, Peregrine Capital Jacques de K**k, Quantitative Analyst & Portfolio Manager, Mit...

A huge thank you to all the clients and advisers who joined us yesterday at our Peregrine Capital Insider event in Cape Town. It was so great to have so many of you with us! We hope the insights were (almost) as good as the view.

Thank you, Michael Avery of Classic FM, for interviewing our CEO, Jacques Conradie, on the Semi-Annual Investor Letter we sent earlier this week, which reviews our investment performance for the year's first half.

Listen to the discussion as they dive into the impact of the elections and the newly formed GNU, the strategic use of hedge fund tools during volatile times, and our outlook for the next 6 months on both local and global markets.

Classic Business Classic Business, with Michael Avery, demystifies a range of pillar topics that underpin the South African economy and inform our lives daily. You can look forward to in-depth and accessible business discussions, with experts in their field. Classic Business is broadcast Monday to Thursday from 6 to...

Our Semi-Annual Investor Letter has been published.

In this edition, Jacques Conradie (CEO & PM) discusses our portfolio performance and key market insights for the first half of 2024. Justin Cousins (Executive Director & PM) shares a detailed synopsis of the South African elections: how we saw things before the elections, during the month after the elections until the formation of the GNU, and how we see things going forward.

Read the Investor Letter below.

Letter - Semi-Annual Letter 2024 SINCE 1998 JULY 2024 Semi-AnnualInvestor Letter Source: Wikipedia FundAnnualised Net ReturnsLatest 1 yearLatest 5 yearsLatest 10 yearsSince Inception**Peregrine Capital Pure Hedge H4 QI Hedge Fund 12,76%10,52%11,86%18,89%SA Multi Asset - Low Equity  9,48%7,99%6,98%9,72%CPI5,20%5,04%5,03%5,56% *in...