23 Nov 13
Peregrine's New Acquisition

Peregrine Holdings and Cannon Asset Managers are pleased to announce the acquisition of Hollard Life’s shareholding in Cannon Asset Managers by Peregrine Holdings, with effect from 1 December 2013.

“The transaction is part of Peregrine’s strategy to build a larger presence in the asset management space in South Africa,” explains Peregrine Holdings CEO Jonathan Hertz. “Cannon will continue to operate as an independent boutique value asset manager, from an investment, management and operational perspective, but with the support and backing of the larger Peregrine Group.”