Investor Communications
2026 Semi-Annual Investor Letter
From the US-Iran conflict to the AI capex cycle, our semi-annual letter sets out how the funds were positioned through a demanding first half, and why the market is underestimating the returns on AI investment, and where we see opportunity from here.
- brochure
- 5 min read
- 22 July 2026
Investor Communications
2025 Annual Investor Letter
In this Annual Investor Letter, we reflect on the market forces that shaped performance, the opportunities we captured, and how we are positioning portfolios to continue delivering consistent, resilient returns in an increasingly complex global environment.
- brochure
- 5 min read
- 27 January 2026
Peregrine Capital Launches Building Conviction, a Podcast with Leaders of Exceptional Businesses
Funds Performance
Risk is What You Don’t See
In this MoneyMarketing article, Grant Dixon, Investment Specialist, discusses how the biggest risks in investing are often the ones investors don’t see and how understanding hidden risks and staying disciplined helps build portfolios that withstand market uncertainty.
- article
- 5 min read
- 4 March 2026
Funds Performance
Investing Money in the New World Order
Profound geopolitical shifts and rapid technological change have left the world in flux. Peregrine Capital is capitalising on the opportunities this brings as it navigates investing in this volatile new landscape.
- article
- 5 min read
- 17 February 2026
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.
- article
- 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.
- article
- 3 min read
- 26 August 2026
Podcast
Built to be Different
Gerrie Fourie, Former CEO, Capitec
Fourie explains how an outsider's client-first thinking helped build Capitec into South Africa's largest bank by market capitalisation. He covers why it took the market twelve years to understand the business, the fixed capital rule that carried it through the Viceroy attack and COVID, and where the next phase of growth will come from.
Corporate Social Investment
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