In the News
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
In the News
Jacques Conradie on The Money Show: Unpacking our Semi-Annual Investor Letter
Peregrine Capital CEO, Jacques Conradie, joins Stephen Grootes on The Money Show (702/CapeTalk) to discuss the highlights of our Semi-Annual Investor Letter - from our Meta and Tencent positions to the risk rising oil prices pose for markets.
- podcast
- 6:50 min Listen
- 23 July 2026
In the News
Curiosity is Their Superpower
The top 1% of South African financial advisors are not better qualified than their peers. They do not have access to better products or better markets. In most cases, their professional training is identical. What separates them, after a decade of conversations with thousands of advisors, is simpler than most expect: they never stop asking why. In his latest piece published on Moneyweb today, Alan Yates, our Head of Distribution, draws a direct line between the intellectual curiosity of the world's great investors, Buffett, Munger, Paul Tudor Jones, and the advisors whose clients are best served over time.
- article
- 3 min read
- 23 June 2026
In the News
Are SA Assets on the Brink of a Rerating?
David Fraser joined Simon Brown on MoneywebNOW to discuss why the outlook for South African investors may be entering one of its most promising periods in years, and what this could mean for portfolios going forward.
- podcast
- 7 min listen
- 2 February 2026
In the News
Peregrine Capital’s 24SumMore Maths Competition proves maths can be fun
In Sandton, learners mixed strategy, speed, and creativity to become winners of the maths competition. The event capped off a pilot programme involving 54 primary schools across Gauteng, all united by one goal: to make maths enjoyable, engaging, and confidence-building for learners.
- article
- 2 min read
- 4 November 2025
In the News
Peregrine Capital’s 24SumMore Maths Competition Finals Bring the Fun Back into Maths
On Friday, 31 October, Peregrine Capital hosted 24 talented finalists from 18 Gauteng primary schools. The event formed part of a pilot programme aimed at making maths exciting, engaging, and confidence-building for young learners.
- article
- 2 min read
- 31 October 2025
In the News
Peregrine Capital Celebrates the 100x Mark in Partnership with The Rugby Centurions
Reaching 100 is a defining milestone that resonates universally, whether in sport, life, or investment. It's a mark of dedication, excellence, and lasting impact, making it the perfect representation of success. Whether it’s achieving 100 international rugby test caps, living 100 years, or delivering 100-fold returns in investments, these milestones embody an unwavering commitment to performance – the perfect synergy for an exciting new partnership.
- article
- 3 min read
- 16 August 2025
In the News
There’s Still Value in Large-Cap US Tech
In an interview with Moneyweb's Simon Brown, David discussed the upcoming year, examining the risks and opportunities as global market valuations remain high. Note: Please listen from 12:20m to hear David’s interview.
- podcast
- 5 min listen
- 4 February 2025
In the News
Navigating the Financial Landscape: Smooth Seas Never Made Great Sailors
In the ever-evolving world of financial markets, where trends shift like tides and uncertainties loom like storm clouds, a steadfast approach to investment can make all the difference. Peregrine Capital distinguishes itself with an investment philosophy anchored in a fundamental, bottom-up, valuation-focused approach. This unchanged philosophy has served as our compass for the last 26 years, guiding us through the complexities of the market while ensuring we remain true to our mission: creating real wealth for our clients.
- article
- 3 min read
- 30 October 2024
In the News
We are Leaning Towards Optimism
For the September issue of MoneyMarketing SA, Sandy Welch interviewed Justin Cousins about Peregrine Capital’s outlook for the remainder of the year. Justin shared his views on the current mood among businesses and clients in South Africa, how the upcoming US election might impact South Africa and the global economy, and how our investment strategies can be adapted to economic trends.
- article
- 3 min read
- 30 September 2024
In the News
Maximising Investment Opportunities and Lowering Risk
In this Moneyweb interview, Justin Cousins, Executive Director & Portfolio Manager, discusses the strategies behind our consisten performance and explains why Peregrine Capital is bullish about SA Inc.
- podcast
- 14:55 min listen
- 31 July 2024
In the News
Peregrine CEO Excited About the Benefits AI will Bring
Our CEO, Jacques Conradie, recently spoke to Business Day's Mudiwa Gavaza about our investment strategy leading up to elections; reviews the performance of our funds in the first half of 2024; trends in global technology; local versus international investments; and the outlook for the rest of the year.
- download
- 3 min read
- 26 July 2024
In the News
Where There’s Disaster There’s Often Opportunity
In an interview with Moneyweb's Simon Brown, Our CEO, Jacques Conradie, discusses the potential in the South African economy and JSE valuations following an ANC-DA coalition, emphasising opportunities in small and mid-cap stocks with resilient management. He highlights the positive outlook for South African consumers due to potential rate cuts, reduced load shedding, and improved confidence.
- podcast
- 07:30 min listen
- 24 July 2024
In the News
The Responsible Investor: GNU Dawn Bullish for SA Small and Mid-caps
Michael Avery of Classic FM, is joined by our CEO, Jacques Conradie, to discuss the Semi-Annual Investor Letter we sent earlier this week, which reviews our investment performance for the year's first half. Listen to the discussion as they dive into the impact of the elections and the newly formed GNU, the strategic use of hedge fund tools during volatile times, and our outlook for the next 6 months on both local and global markets.
- podcast
- 16:33 min listen
- 24 July 2024
In the News
Market reaction to the GNU cabinet
Our CEO, Jacques Conradie, spoke to Jimmy Moyaha on the SAFM Market Update show on how markets performed in June, excitement around the GNU cabinet announcement, where Peregrine Capital is finding value and our expectations for the second half of 2024.
- podcast
- 07:45 min
- 1 July 2024
In the News
The future for SA equities is brighter than people think
Peregrine Capital is optimistic about SA equities, increasing exposure despite recent challenges. Investment Analyst, AJ Snyman highlights improvements in Eskom and Transnet, suggesting load shedding will lessen by 2025. This contrarian view sees undervalued local shares as a key opportunity.
- article
- 3 min read
- 18 June 2024
In the News
Avoid the Landmines!
Our founder, David Fraser, has an oft used saying, “If you avoid the landmines, you start the year up 6%”. This is a simple way of expressing a powerful tenant of active investing. Our experience is that the best foundation for exceptional long-term performance is an absence of material losers.
- download
- 3 min read
- 29 February 2024
In the News
The world looks less threatening when you take the long view
In this Moneyweb interview, Jacques Conradie, the CEO of Peregrine shared his views on why South Africa offers plenty of opportunities in a challenging time. He spoke about fixing state-owned companies being one of the three main themes likely to dominate in 2024, along with interest rate cuts and elections.
- article
- 3 min read
- 20 February 2024
In the News
Peregrine’s Conradie: Home run with AI in ’23 - SA, China and stock picking for ’24
In an interview with BizNews' Alec Hogg, Jacques discussed the fund results achieved in 2023 and shared what the team intends to do in order to repeat our performance in the current 12 months.
- video
- 23:18
- 7 February 2024
In the News
Meta, Pinduoduo and Fortress Real Estate - learnings and advice that can be applied to future investment decisions
Jacques Conradie spoke to Dawn Ridler of Classic Business on the year that has been, some of the investment ideas that generated returns for our investors as well as the learnings that will be applied to future investment decisions.
- podcast
- 12:17
- 7 February 2024
In the News
Light at the End of the Tunnel
Some clients regularly question how we can continue to invest in JSE-listed shares with material exposure to the crumbling SA economy amid load-shedding. To answer this question, our Investment Analyst, Nathi Msimango, takes us through the reasons why Eskom is failing, and what has changed that makes us say there might be light at the end of the tunnel (pun intended).
- download
- 3 min read
- 27 September 2023
In the News
How SA’s Oldest Hedge Fund Pioneer Generates Those 100x Returns
Alec Hogg of BizNews, interviews Founder and Chairman, David Fraser, and CEO Jacques Conradie on the 25 year success story of Peregrine Capital. They share insights into their investment philosophy and strategies, emphasising the importance of backing strong franchises and conducting thorough fundamental research.
- video
- 27.26 min watch
- 2 August 2023
In the News
For Peregrine Capital, liquidity and flexibility are key to market success
David Fraser and Jacques Conradie were interviewed by Gwyneth Roberts for the Q1 2023 issue of HedgeNews Africa. They discussed their views on the current market conditions, gave an overview of our fund performance and shared how we plan to continue our 25-year performance track record.
- article
- 10 min read
- 30 April 2023
In the News
Mainstream alternative face stern test
Justin Cousins, Executive Director and Portfolio Manager, shared his views on how Peregrine Capital is leveraging hedge funds to deliver alpha in the prevailing market conditions in this Business Day Asset Management feature.
- article
- 3 min read
- 26 April 2023
In the News
Why hedge funds should be part of your investment portfolio
Hedge funds offer advantages that shouldn't be overlooked in a well-balanced portfolio, especially in an environment where traditional investment approaches struggle to generate strong returns. Established South African hedge funds with long track records are managed by experienced professionals who employ various strategies to generate positive returns regardless of market conditions. Investing in hedge funds has become more mainstream globally as they provide consistent long-term performance, lower volatility, and risk reduction compared to traditional asset classes, offering investors a valuable alternative.
- article
- 5 min read
- 16 February 2023
In the News
Peregrine’s ride through a volatile market
Jacques Conradie had a discussion with Mudiwa Gavaza about Peregrine Capital’s investment philosophy, the performance of our funds in 2022, learnings from investing in Thungela, local versus international investments, and his 2023 investment outlook.
- podcast
- 31:46 min listen
- 3 February 2023
In the News
More tools in the shed - a case study about 'The Naspers Discount'
Justin discusses why hedge funds should be part of your investment portfolio using the example of Naspers to demonstrate how we are able to extract value from an opportunity without having to take a directional view on the underlying company.
- article
- 31 January 2023
In the News
Outlook 2023 | Alternative Investments Panel
Our Chairman, David Fraser, recently participated in an Asset TV South Africa Outlook 2023 panel discussion. Together with Cy Jacobs and Murray Winckler, David discussed Peregrine Capital's wins and learnings from 2022.
- video
- 45:57 min watch
- 31 January 2023
In the News
Meet the asset manager who started managing his dad’s portfolio at varsity
Peregrine Capital CEO Jacques Conradie talks about how a student game and his father’s trust in his abilities helped him pick a career in investments, and what guides his thinking now on Be A #BetterInvestor with Ryk Van Niekerk.
- podcast
- 28:59 min listen
- 21 January 2023
In the News
Even risk-averse investors should consider hedge funds
Jacques discussed how hedge funds offer investors higher returns and lower drawdowns than traditional long-only portfolios and how hedge funds should appeal more to conservative, risk-averse investors than conventional unit trusts.
- article
- 3 min read
- 22 August 2022
In the News
Peregrine Capital on spotting winners
Jacques discussed how to find winners where the market isn’t looking for superior returns. Often people think that investing is about picking the most exciting, sexy shares, but in Jacques’ view, it’s about finding companies that are the most mispriced, where you get the most for what you pay – the Thungela success story is an example of this. Even though it negatively correlated with the rest of the Peregrine Capital portfolio, it protected the funds when the market was down.
- podcast
- 20:39 min listen
- 5 August 2022
In the News
Boutiques Connect | Peregrine Capital
Jacques Conradie, Chief Executive Officer & Portfolio Manager, Peregrine Capital gives insight into the company's journey since its inception in 1998, how they differentiate themselves from others in the hedge fund industry and where opportunities are being found in the current market.
- video
- 13:10 min watch
- 23 June 2022
In the News
Volatile markets are where hedge funds shine
The world continues to navigate a period in modern history where “black swan” events seem to recur with unprecedented frequency. Brexit, COVID-19, the war in Ukraine and the threat of runaway inflation have all occurred in short succession, stoking fear, anxiety, and a general sense of uncertainty.
- article
- 11 May 2022
In the News
Peregrine Capital partners with prescient fund services for its first global equity UCITS fund
Peregrine Capital (Pty) Ltd (Peregrine Capital) announced today that it will start marketing its Peregrine Capital Global Equity Fund, following its launch on 18 November 2020. The fund, which sits on the Prescient Global Funds ICAV platform and is authorised by the Central Bank of Ireland, will initially be distributed to investors in South Africa, and subsequently to investors in other key European markets.
- article
- 3 min read
- 25 February 2021
In the News
Peregrine Capital under way with global fund after another strong year
Johannesburg-based Peregrine Capital went live with its global long-only fund in November 2020, in response to investor demand, having expanded its investible universe into attractive offshore opportunities over the past five years. The Peregrine Capital Global Equity Fund is currently available offshore in US dollars. The rand-based feeder fund will be available in the near future, with access via the major South African platforms as part of the strategy.
- article
- 5 min read
- 17 February 2021
In the News
In the Hot Seat | Boutique Asset Managers
Three boutique asset managers were put in the hot seat during this fantastic debate between Peregrine Capital’s CEO, Jacques Conradie, Iain Power from Truffle Asset Management and Robert Oellermann from Tantalum Capital.
- video
- 58:06 min watch
- 13 August 2020
In the News
Hedge Funds amid Covid-19: The world of alternative investments
Join our MD, Jacques Conradie and The Collaborative Exchange founder Kevin Hinton, as they discuss how hedge funds during Covid-19 have performed, and what we expect markets to do as the world digests the longer-term effects of the global Coronavirus pandemic. In this presentation, Peregrine Capital MD Jacques Conradie addresses the three most important things to bear in mind when selecting a fund for your portfolio. The first is returns the fund provides, the second is how the fund manages risk and downside during difficult times, and the third is how that fund improves a client’s overall portfolio. He then covers what the firm has done since the onset of the Covid-19 pandemic in terms of ensuring that their clients still continue to enjoy positive returns.
- video
- 56:09 min watch
- 30 June 2020
In the News
Peregrine Capital takes stock of its proven record as a hedge fund manager
Peregrine Capital is the oldest hedge fund manager in South Africa. David Fraser and Jacques Conradie talk about their business philosophy, and how it has served the firm over its 20 years in the hedge fund industry.
- article
- 3 min read
- 10 October 2018