Sandown Capital's History
Sandown Capital was originally set up as an investment holding entity for Peregrine Holdings Limited, a diversified financial services group listed on the JSE, in order to house certain of the Peregrine Group’s proprietary investments.
The Company was incorporated in South Africa on 28 June 2000, as PGR 29 Investments Proprietary Limited. In April 2011, the Company’s name was changed to Sandown Capital Proprietary Limited and on 11 September 2017 Sandown Capital was converted to a public company.
As at 31 March 2017, the majority of investments held by Sandown Capital were hedge fund investments, being primarily investments in Peregrine Group funds. With effect from early October 2017, and in terms of a restructure of Peregrine Holdings Limited, all surplus non-operating investments within the Peregrine Group (comprising excess cash, hedge fund and other proprietary investments) were transferred to the Company, such that Sandown Capital’s investment portfolio following the restructure had an aggregate net asset value of in excess of R1 billion. On completion of the restructure, Sandown Management Limited, an external investment advisor, was appointed as investment manager to the Company.
Sandown Capital was listed on the Main board of the Johannesburg Stock Exchange (JSE) in November 2017, whereafter Peregrine's wholly-owned interest in the Company was unbundled to its shareholders in December 2017.