- Report
- 5 min read
- 27 October 2026
Newsletter Edition 10
High Growth USD Fund
Fund objective
The goal of the Peregrine Capital High Growth USD Fund is to create long-term wealth for investors by investing in our best investment ideas. The fund aims to deliver industry leading long-term investment growth for our investors, while assuming moderate levels of market risk. The fund is managed in US Dollars and delivers hard currency returns to investors.
Overview
Performance net of all fees and expenses with all distributions reinvested
(as of 30 September 2026)
Value of USD1 invested on 1 October 2003
| Month | High Growth USD Fund | HFRX Equity Hedge Index |
|---|---|---|
| December 2003 | 1.117371659 | 1.029427428 |
| December 2004 | 1.606201542 | 1.051986925 |
| December 2005 | 2.165969845 | 1.096031659 |
| December 2006 | 2.978120288 | 1.197159174 |
| December 2007 | 4.227326748 | 1.235639783 |
| December 2008 | 3.403305988 | 0.921138167 |
| December 2009 | 3.946213847 | 1.04216248 |
| December 2010 | 4.480576317 | 1.135164169 |
| December 2011 | 4.918432443 | 0.918594829 |
| December 2012 | 6.496460471 | 0.962804833 |
| December 2013 | 8.05048912 | 1.070029014 |
| December 2014 | 10.19094107 | 1.08517886 |
| December 2015 | 12.22035051 | 1.059855663 |
| December 2016 | 11.79053815 | 1.060911562 |
| December 2017 | 12.94702725 | 1.166776847 |
| December 2018 | 11.60426582 | 1.05690833 |
| December 2019 | 12.68915555 | 1.170109813 |
| December 2020 | 14.63836847 | 1.223905538 |
| December 2021 | 15.95568634 | 1.372502571 |
| December 2022 | 17.27224543 | 1.32878838 |
| December 2023 | 19.22620551 | 1.420440356 |
| December 2024 | 22.81 | 1.53 |
| December 2025 | 25.38 | 1.69 |
| September 2026 | 25.44 | 1.8 |
Fund objective
The goal of the Peregrine Capital High Growth USD Fund is to create long-term wealth for investors by investing in our best investment ideas. The fund aims to deliver industry leading long-term investment growth for our investors, while assuming moderate levels of market risk. The fund is managed in US Dollars and delivers hard currency returns to investors.
Who should consider investing in the High Growth USD Fund?
The High Growth USD Fund may be suitable for you if:
The High Growth USD Fund is suitable for you if: You are looking for exceptional long-term capital growth You are looking for returns in US Dollars You are comfortable to assume a moderate to high level of market risk You are ideally investing for at least five yearsKey facts
- Fund inception
- October 2003
- Fund ISIN
- KYG827791446
- Fund status
- Open
Performance & Risk metrics
Net returns since inception
(as of 30 September 2026)
Net Returns
(as at 30 September 2026)
| Net return | High Growth USD Fund | HFRX Equity Hedge Index | |
|---|---|---|---|
| Cumulative | |||
| Since inception | 2,444.07% | 80,04% | |
| Annualised | |||
| Since inception | 15,11% | 2,59% | |
| Latest 15 years | 11,99% | 4,53% | |
| Latest 5 years | 10,29% | 6,13% | |
| Latest 3 years | 11,32% | 9,51% | |
| Latest 1 year | 2,97% | 8,56% | |
| Year to date | 0,22% | 6,80% | |
Risk measures (5 years annualised)
(as of 30 September 2026)
| Net return | High Growth USD Fund | HFRX Equity Hedge Index | |
|---|---|---|---|
| Maximum Cumulative Drawdown | -23,83% | -29,52% | |
| Annualised Volatility | 8,71% | 7,04% | |
| Highest Annual Return | 61,09% | 23,88% | |
| Lowest Annual Return | -23,83% | -25,45% | |
| % of positive Months | 72,10% | 59,78% |
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:
- on 1 January 2015, the Peregrine Capital High Growth Offshore Segregated Portfolio (the High Growth USD Fund) altered its trading mandate and is now reflective of the Peregrine Capital High Growth H4 QI Hedge Fund (the onshore equivalent fund). The data from October 2003 until December 2014 represents the actual ZAR returns of the Peregrine Capital High Growth H4 QI Hedge Fund (the onshore equivalent fund) adjusted for estimated hedging costs. From January 2015 the data are the actual USD returns.
- The High Growth USD Fund does not have a benchmark and does not contribute towards the return of the ASISA South African Multi Asset - High Equity Category.
- The market value-weighted average return of portfolios in the ASISA South African Multi Asset - High Equity Category from 1 February 2000 to 31 January 2013, was the market value-weighted average return of the funds in both the Domestic Asset Allocation Medium Equity and Domestic Asset Allocation Variable Equity sectors of the previous ASISA Fund Classification Standard.
