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.

  • report
  • 5 min read
  • 22 July 2026

2026 Semi-Annual Investor Letter

Since 1998

Invest in Performance

The fund is invested across various asset classes and geographies, with a keen focus on providing investors with exceptional risk-adjusted returns.

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

Key fund information

Risk ProfileSince Inception Ann.Cumulative ReturnAnnualised Volatility.
Moderate to high15,11%2,444.07%8,71%

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 years

Key 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 returnHigh Growth USD FundHFRX Equity Hedge Index
Cumulative
Since inception2,444.07%80,04%
Annualised
Since inception15,11%2,59%
Latest 15 years11,99%4,53%
Latest 5 years10,29%6,13%
Latest 3 years11,32%9,51%
Latest 1 year2,97%8,56%
Year to date0,22%6,80%

Risk measures (5 years annualised)
(as of 30 September 2026)

Net returnHigh Growth USD FundHFRX Equity Hedge Index
Maximum Cumulative Drawdown-23,83%-29,52%
Annualised Volatility8,71%7,04%
Highest Annual Return61,09%23,88%
Lowest Annual Return-23,83%-25,45%
% of positive Months72,10%59,78%

Portfolio Managers

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.

Dynamic Alpha Fund

Long / Short Equity Fund

The goal of the Dynamic Alpha Fund is to generate strong absolute returns while maintaining capital stability.

High Growth Fund

Long / Short Equity Fund

The fund aims to deliver industry leading long-term investment growth for our investors, while assuming moderate levels of risk.

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.
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