Pure Hedge Fund
Fund objective
The goal of the Pure Hedge Fund is to offer investment stability and downside protection - while growing investors’ purchasing power. We aim to deliver returns above inflation over the medium term. The Pure Hedge Fund has never had a negative year since its inception in July 1998.
Overview
Performance net of all fees and expenses with all distributions reinvested
(as at 30 September 2026)
Value of R1 invested on 1 July 1998
| Month | Pure Hedge Fund | SA Multi Asset - Low Equity Category | CPI |
|---|---|---|---|
| December 1998 | 1.61 | 0.893140687 | 1.06 |
| December 1999 | 2.71 | 1.255688418 | 1.08 |
| December 2000 | 3.49 | 1.336840406 | 1.15 |
| December 2001 | 4.3 | 1.587773429 | 1.21 |
| December 2002 | 5.26 | 1.772994102 | 1.36 |
| December 2003 | 6.76 | 2.012257996 | 1.36 |
| December 2004 | 8.66 | 2.282550969 | 1.41 |
| December 2005 | 10.11 | 2.63817841 | 1.46 |
| December 2006 | 11.63 | 2.996404206 | 1.54 |
| December 2007 | 14.63 | 3.276763524 | 1.68 |
| December 2008 | 14.87 | 3.350651896 | 1.84 |
| December 2009 | 16.77 | 3.680855324 | 1.96 |
| December 2010 | 18.68 | 4.024599354 | 2.03 |
| December 2011 | 20.67 | 4.28010836 | 2.15 |
| December 2012 | 24.29 | 4.840996831 | 2.27 |
| December 2013 | 27.69 | 5.429941263 | 2.39 |
| December 2014 | 32.79 | 5.875147679 | 2.52 |
| December 2015 | 38.83 | 6.321738695 | 2.65 |
| December 2016 | 42.2 | 6.548895256 | 2.83 |
| December 2017 | 46.96 | 7.098513444 | 2.97 |
| December 2018 | 49.37 | 7.18656513 | 3.1 |
| December 2019 | 56.01 | 7.803092297 | 3.23 |
| December 2020 | 62.82 | 8.206462432 | 3.34 |
| December 2021 | 66.96 | 9.316639332 | 3.52 |
| December 2022 | 75.6 | 9.443050139 | 3.78 |
| December 2023 | 85.06 | 10.48608738 | 3.99 |
| December 2024 | 98.42 | 11.77 | 4.1 |
| December 2025 | 108.96 | 13.6 | 4.25 |
| September 2026 | 112.28 | 13.97 | 4.42 |
Fund objective
The goal of the Pure Hedge Fund is to offer investment stability and downside protection - while growing investors’ purchasing power. We aim to deliver returns above inflation over the medium term. The Pure Hedge Fund has never had a negative year since its inception in July 1998.
Who should consider investing in the Pure Hedge Fund?
The Pure Hedge Fund may be suitable for you if:
You want to achieve stable returns that exceed inflation and protect your capital You are comfortable to assume a low level of market risk You are ideally investing for at least two yearsKey facts
- Fund inception
- July 1998
- Fund ISIN
- ZAE000346425
- Fund status
- Open
Performance & Risk metrics
Annualised net returns
(as at 30 September 2026)
Net returns since inception
(as at 30 September 2026)
| Net return | Pure Hedge Fund | SA Multi Asset - Low Equity Category | CPI |
|---|---|---|---|
| Cumulative | |||
| Since Inception | 11,128.11% | 1,297.49% | 342,26% |
| Annualised | |||
| Since Inception | 18,19% | 9,79% | 5,40% |
| Latest 15 Years | 12,22% | 8,44% | 4,99% |
| Latest 5 Years | 11,33% | 9,51% | 4,89% |
| Latest 3 Years | 10,96% | 12,00% | 4,02% |
| Latest 1 Year | 5,45% | 7,24% | 4,36% |
| Year to date | 3,05% | 2,78% | 4,16% |
Risk measures (5 years annualised)
(as at 30 September 2026)
| Net return | Pure Hedge Fund | SA Multi Asset - Low Equity Category | CPI |
|---|---|---|---|
| Maximum Cumulative Drawdown | -4,86% | -22,91% | -1,84% |
| Annualised Volatility | 6,52% | 7,30% | 1,57% |
| Highest Annual Return | 133,81% | 40,59% | - |
| Lowest Annual Return | 0,59% | -3,10% | - |
| % of positive Months | 85,25% | 76,99% | 79,65% |
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Information
Important information on the calculation of net returns and risk measures:
- The calculation of all net returns from 1 July 1998 until 30 November 2016 relates to the Peregrine Capital Pure Hedge Fund, prior to its inclusion under CISCA. Thereafter, the data relates to the Peregrine Capital Pure Hedge QI Hedge Fund (“Pure Hedge Fund”).
- The Pure Hedge Fund does not have a benchmark and does not contribute towards the return of the ASISA SA Multi Asset - Low Equity Category.
- The South African Multi Asset - Low Equity Category is defined in the ASISA Standard on Fund Classification for South African Regulated Collective Investment Scheme Portfolio.
- The market value-weighted average return of portfolios in the ASISA South African Multi Asset – Low Equity category from 1 February 2000 to 31 January 2013, was the market value-weighted average return of the funds in the Domestic Asset Allocation Prudential Low Equity sector of the previous ASISA Fund Classification Standard.
- The CPI figures are lagged by one month as the number was calculated beforethis month’s inflation rate was released.
