- Report
- 5 min read
- 22 July 2026
2026 Semi-Annual Investor Letter
Dynamic Alpha Fund
Fund objective
The goal of the Dynamic Alpha Fund is to generate strong absolute returns while maintaining capital stability. We aim to achieve long-term inflation-beating growth. The Dynamic Alpha Fund has never had a negative year since its inception in December 2014.
Overview
Performance net of all fees and expenses with all distributions reinvested
(as at 30 September 2026)
Value of R1 invested on 1 December 2014
| Month | Dynamic Alpha Fund | SA Multi Asset - Medium Equity Category | CPI |
|---|---|---|---|
| December 2014 | 1.03 | 1.01 | 1 |
| December 2015 | 1.29 | 1.08 | 1.05 |
| December 2016 | 1.4 | 1.1 | 1.12 |
| December 2017 | 1.57 | 1.2 | 1.17 |
| December 2018 | 1.63 | 1.18 | 1.23 |
| December 2019 | 1.88 | 1.29 | 1.27 |
| December 2020 | 2.12 | 1.36 | 1.31 |
| December 2021 | 2.22 | 1.6 | 1.38 |
| December 2022 | 2.51 | 1.6 | 1.49 |
| December 2023 | 2.78 | 1.78 | 1.57 |
| December 2024 | 3.29 | 2.01 | 1.62 |
| December 2025 | 3.55 | 2.37 | 1.67 |
| September 2026 | 3.61 | 2.42 | 1.74 |
Fund objective
The goal of the Dynamic Alpha Fund is to generate strong absolute returns while maintaining capital stability. We aim to achieve long-term inflation-beating growth. The Dynamic Alpha Fund has never had a negative year since its inception in December 2014.
Who should consider investing in the Dynamic Alpha Fund?
The Dynamic Alpha Fund may be suitable for you if:
You want to achieve strong absolute returns, whilst protecting your capital. You are comfortable to assume a moderate level of market risk. You are ideally investing for at least two years.Key facts
- Fund inception
- December 2014
- Fund ISIN
- ZAE000346235
- Fund status
- Open
Performance & Risk metrics
Net returns since inception
(as at 30 September 2026)
Risk measures (5 years annualised)
(as at 30 September 2026)
| Net return | Dynamic Alpha Fund | SA Multi Asset - Medium Equity Category | CPI |
|---|---|---|---|
| Maximum Cumulative Drawdown | -8,19% | -11,29% | -1,25% |
| Annualised Volatility | 6,21% | 6,86% | 1,35% |
| Highest Annual Return | 28,17% | 24,18% | - |
| Lowest Annual Return | -0,29% | -6,87% | - |
| % of positive Months | 73,94% | 68,31% | 84,51% |
Downloads
Documents (3)
Other Funds
Pure Hedge Fund
Market Neutral Fund
The goal of the Pure Hedge Fund is to offer investment stability and downside protection while growing investors' purchasing power.
Information
Important information on the calculation of net returns and risk measures:
- The calculation of net returns and the risk measures comprises data from the inception of the Peregrine Capital Dynamic Alpha en Commandite Partnership on 1 December 2014 until 31 July 2016. The data from 1 August 2016 until 31 March 2025 comprises data from, the Peregrine Capital Dynamic Alpha H4 QI Hedge Fund, thereafter the data relates to the Peregrine Capital Dynamic Alpha QI Hedge Fund (“Dynamic Alpha Fund”).
- The Dynamic Alpha Fund does not have a benchmark and does not contribute towards the return of the ASISA South African Multi Asset – Medium Equity Category.
- The South African Multi Asset – Medium Equity Category is defined in the ASISA Standard on Fund Classification for South African Regulated Collective Investment Scheme Portfolios.
