Peregrine
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PEREGRINE CAPITAL

About Us

Peregrine Capital is an asset management company dedicated to managing hedge funds. Since inception in July 1998, Peregrine Capital has consistently delivered exceptional results across its suite of funds.

Peregrine Capital has one investment philosophy and style but three different strategies, namely Pure Hedge, Performance and High Growth.

The funds are managed with a primary focus on investing in listed equity related instruments in South Africa, with opportunities being sought in the large, mid and small cap stocks.

The company strives to deliver sustained high, risk-adjusted returns over the medium-term by focusing on bottom up stock selection and implementing disciplined and consistent research procedures.

Investment Team

David Fraser

Executive Chairman and Portfolio Manager
B.Com, BAcc, CA (SA)

David co-founded Peregrine Capital in 1998 and has both investment research and fund management experience. He was an Assistant General Manager at Liberty Asset Management prior to 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.
 

Tobie Lochner

Managing Director and Portfolio Manager
B.Acc (Hons), CA (SA), CFA

Tobie joined Peregrine Capital in 2006 as an Investment Analyst. Tobie was a co-founder, and President (2001) of the Brightest Young Minds™, a platform that showcases the potential of South Africa's brightest young minds in order to fast track their development for the benefit of the country. Tobie completed his TOPP articles at the FirstRand Group, where he gained experience in various areas of banking, including credit derivatives and international structured credit. He then joined Peregrine Capital. Tobie currently covers a number of sectors including retail, property, tobacco, healthcare and various industrials.
 

Jacques Conradie

Executive Director and Portfolio Manager
B.Com (Hons) (Actuarial), FASSA, CFA

Jacques joined Peregrine Capital in 2007 as an Investment Analyst. 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 currently covers a number of sectors including banks, insurers, telecoms, media, IT and selected industrials.
 

Stephanus de Swardt

Executive Director and Investment Analyst
B.Com (Insurance Science), CFA, MBA

Stephanus has 12 years of investment banking experience with RMB. At RMB he structured some of the first securitisation transactions in South Africa before joining the corporate finance advisory team where he worked on merger and acquisition transactions, capital restructurings, disposals and listings. Stephanus joined Peregrine Capital in 2013 as an Investment Analyst. Stephanus currently covers a number of sectors including healthcare, pharmaceutical, paper/packaging and beverages.
 

Simon Steyn

Investment Analyst and Trader
B.Com (Hons), CFA

Simon completed his B.Com (Hons) Investment Management at the University of Pretoria during 2008. During his time at University he led and won the University of Pretoria final year B.Com Investment Management Project. Simon joined Peregrine Capital in 2009 and is currently employed as an Investment Analyst/Trader and is responsible for the execution of trades and currently covers a number of sectors including parastatals, construction and industrials.
 

Justin Cousins

Investment Analyst and Trader
B Acc Sci, H Dip Acc, CA(SA)

Justin obtained his B Acc Sci, and H Dip Acc from the University of the Witwatersrand in 2009, having been elected for the Dean’s list. He completed his articles at Ernst and Young Inc, gaining experience in various sectors, including property, insurance and healthcare. Justin is currently studying to become a CFA Charter Holder. Justin joined Peregrine Capital in 2013 and is currently employed as an Investment Analyst/Trader and is responsible for the execution of trades and currently covers a number of sectors including IT, property, telecoms and luxury goods.
 

Other Team Members

Tania Waller

Chief Operating Officer
BCom, BAcc, CA (SA)

Tania obtained her BAcc from the University of the Witwatersrand in 1997, and completed her articles at PKF Inc. Tania has been employed by the Peregrine group since 2000, where her first appointment was with Peregrine Holdings Limited as assistant to the Peregrine Group Financial Director. Tania has been involved in the financial and operational management of hedge funds since 2005. In 2013, Tania was appointed as the Chief Operating Officer of Peregrine Capital and is responsible for the financial and operational management of Peregrine Capital.
 

Dudley Lamont Smith

Business Development
B.Bus.Sc (Finance Honours), CFA

Dudley completed his B.Bus.Sc degree at the University of Cape Town and then spent five years within the Corporate Actions team at Goldman Sachs in London. Dudley decided to return to South Africa, where he joined Momentum. His last role at the firm was as a Portfolio Manager within Momentum Manager of Managers. Dudley joined Peregrine Capital in 2015 and is responsible for Business Development.
 

Debra Zietsman

Compliance Officer
Compliance Management - University of Johannesburg

Debra has worked in the financial services industry for 35 years, of which the last 13 years have been in a compliance function within an asset management environment. In 2009, Debra completed a 4 year Diploma Programme in Compliance Management at the University of Johannesburg. Debra joined the Peregrine group in 2002 and has been the Peregrine Capital Compliance Officer since 2008.
 

Ania James

Financial Manager
B.Acc (Hons), CA (SA)

Ania obtained her B.Com Honours in Accounting from the University of Johannesburg in 2005, and completed her articles at Deloitte in 2008.
In 2010, Ania joined Peregrine Fund Platform, a management platform in support of hedge funds, as a fund accountant. In April 2010, Peregrine Capital delegated their back-office support to the Peregrine Fund Platform team. Ania was appointed as the financial manager of Peregrine Capital in April 2013, and is responsible for financial and operational support to the Peregrine Capital COO.
 

Annette Heyns

Personal Assistant

Annette joined the Peregrine Group in 1999 within the wealth management company, Citadel. She joined Peregrine Capital in 2012. Annette is currently employed as the Personal Assistant for the Peregrine Capital Investment Team.
 

Winnie Mabalane

Office Administration

Winnie has been employed by the Peregrine group since January 2005. In 2007, Winnie joined Peregrine Fund Platform, a management platform in support of hedge funds, as the administration assistant. In April 2013, Winnie was appointed as the administration assistant of Peregrine Capital and is responsible for administration and office support to the Peregrine Capital back-office team.
 

Funds

Pure Hedge Strategy

Currency: ZAR
Strategy: Market Neutral
Strategy inception: Jul 1998

Moderate risk market neutral equity fund with very little directional market exposure. The fund focuses predominantly on SA listed equity related instruments.

Performance Strategy

Currency: ZAR
Strategy: Long-Short Equity
Strategy inception: Jul 1998

Moderate risk long/short equity fund which aims to provide absolute returns over the medium term. The fund focuses predominantly on SA listed equity related instruments.

High Growth Strategy

Currency: ZAR
Strategy: Long-Short Equity
Strategy inception: Feb 2000

High conviction long/short equity fund which aims to provide absolute returns over the medium term. The fund focuses predominantly on SA listed equity related instruments.

High Growth Offshore

Currency: USD
Strategy: Long-Short Equity
Strategy inception: Oct 2003

High conviction long/short equity fund which aims to provide absolute returns over the medium term. The fund focuses predominantly on SA listed equity related instruments.

 
Dynamic Alpha Strategy

Currency: ZAR
Strategy: Geared Market Neutral
Strategy inception: Dec 2014

Moderate risk geared market neutral equity fund with little directional market exposure. The fund focuses predominantly on SA listed equity related instruments.

 
 
Dynamic Alpha Offshore

Currency: USD
Strategy: Geared Market Neutral
Strategy inception: May 2015

Moderate risk geared market neutral equity fund with little directional market exposure. The fund focuses predominantly on SA listed equity related instruments.

 

Factsheets

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Contact

For further information please contact Dudley Lamont Smith at dudleyl@peregrine.co.za or +27 11 722 7482

Please send an email to pc.compliance@peregrine.co.za if you require a copy of the Conflict of Interest Management Policy.