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The investment strategy is thorough bottom up fundamental analysis. The majority of securities trades are South African equities. We will invest in bonds opportunistically when the return expectations are looking equity-like and we believe there is asymmetry to the payoff profile. We believe the South African hedge fund industry in not very crowded with only 1% of the SA asset management industry’s assets managed by hedge fund managers. There is also a solid infrastructure for script lending. Number of long positions average between 30-35. Number of short positions average between 15-20. The team run a passive stop loss process where a review kicks in once an idea moves against you by more than 10%. The four portfolio managers manage the investment risk amongst each other ensuring responsible sector exposure and other diversification factors.
Name | Title | Since | Until |
---|---|---|---|
Jacques Conradie | - | 2007 | Now |
Biography | Jacques has 11 years’ (11 at Peregrine Capital) investment management experience. Jacques was awarded the Chancellor’s medal for being the top student graduating from Stellenbosch University in 2005. He started his career at Old Mutual in 2006 where he worked in the Life Insurance Product Development team and qualified as an Actuary during that time. Jacques joined Peregrine Capital in August 2007, and currently covers a number of sectors including banks, insurers, telecoms, media, IT and selected industrials. Jacques is also a member of the investment committee of the Mandela Rhodes Foundation. | ||
David Fraser | - | 2000 | Now |
Biography | David has 24 years’ experience (20 at Peregrine Capital) in both investment research and fund management and was an Assistant General Manager at Liberty Asset Management prior to co-founding Peregrine Capital. At Liberty, David was principally involved in non-consumer industrial company research and was appointed Sector Research Head for this area in 1998. David currently covers a number of sectors including construction, engineering, selected industrials and resources. |
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