At Peregrine Capital, our mission is to create and grow the wealth of our clients. We have assembled an exceptional team of investment professionals who are responsible for the consistent application and refinement of our tried and tested, investment process, to generate market leading returns for our clients.
We aim to attract like-minded clients who believe in our investment process and who seek long term partnership as a means of maximising and preserving their wealth.
Peregrine Capital, established on 1 July 1998, is South Africa's longest-running hedge fund manager. Renowned for our exceptional track record of performance, we seek to consistently deliver outstanding returns for our clients. As a staff-owned and controlled business, we foster a meritocratic culture that drives performance. We invest our own capital alongside our clients ensuring shared interests and aligned goals. Our team is empowered to build upon the strong foundation created from our founders, David Fraser and Clive Nates, securing the continued prosperity of our funds.
At Peregrine Capital, our values are the foundation of our business. With a Day One mentality, we have prioritised excellence, integrity, performance, client-centricity, collaboration, a long-term focus, and continuous improvement. These values guide us in everything we do.
Our partners trust us with their hard-earned capital, and we understand the weight of this responsibility. We manage their investments prudently and thoughtfully, knowing that their financial prosperity is in our hands.
With our expertise and unwavering focus, we aim to surpass expectations. Our goal is to consistently deliver exceptional performance while managing our clients’ capital with care. We value the trust our clients place in us, and it is through our performance that we demonstrate our commitment.
In the News
South Africa’s Young Maths Champions Prepare to Make 24 as Peregrine Capital 24SumMore National Final Looms
Can you make 24? Grade 4 – 6 maths champions from 300+ schools compete in the Peregrine Capital 24SumMore national final in Johannesburg on 29 October 2026.
- article
- 3 min read
- 29 September 2026
In the News
The Many Hats a Financial Advisor Wears
Ask most people what a financial advisor does and you get some version of the same answer: they pick investments. That is the visible part of the job, in the way that a prescription is the visible part of what a doctor does. The value sits in everything that happens before it. Writing for Moneyweb, Anne Holding, an investment specialist at Peregrine Capital, sets out the roles a good advisor takes on across an investor's life. Specialist, demystifier, coach, therapist, architect. She also explains why much of that work leaves nothing to point to, because its purpose was prevention.
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- 3 min read
- 15 September 2026
In the News
Leading Beyond the Numbers
"Technical competence is the entry ticket, not the differentiator." That line, from Tania Formilan, CFO and COO at Peregrine Capital, is a fair test for anyone building a career in this industry. At a senior level, everyone can do the numbers. What separates people is lateral thinking, judgement, integrity, and the ability to build genuine trust with clients and colleagues. Tania qualified as a CA(SA) in 2000 and joined Peregrine more than 25 years ago, moving from a finance role into operational leadership as the business grew. In that time she has watched South African hedge funds shift from a largely unregulated corner of the market, viewed with scepticism by the broader investment community, to a regulated part of the collective investment landscape, held to the same standards of governance, transparency and risk management as any other asset manager. On what matters most: never lose sight of the fact that people, not processes, get things done. Companies succeed when their people do. Her full interview appears in the Women in Hedge Funds II special report, published by HedgeNews Africa. Our thanks to HedgeNews Africa and Tania Formilan.
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- 3 min read
- 26 August 2026
