Peregrine Investment Management
Peregrine Investment Management is a Toronto-based private hedge fund manager operating the long-short Peregrine Fund for accredited investors across five Canadian provinces, with sector focus on Canadian small-cap technology, financial services, and healthcare.
- Company typePrivate
- Founded2004
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Peregrine Investment Management does
Peregrine Investment Management is a Toronto-based private hedge fund manager founded in June 2004 by Tom Antony. The firm operates the Peregrine Fund, a long-short equity strategy with a long bias, holding approximately 25 securities with primary focus on Canadian equities and secondary U.S. exposure, and sector concentration in technology, financial services, and healthcare. In June 2018 the firm added the Peregrine Trust, a parallel structure that accepts RRSP and TFSA registered investments from accredited investors while mirroring the Fund's portfolio.
The fund is offered exclusively to accredited investors under Canadian securities law and is available only in the provinces of Ontario, Alberta, British Columbia, Nova Scotia, and Quebec. The minimum investment is $150,000 with a one-year hold on initial redemption. Revenue is generated through a 2% annual management fee on assets under management plus a 20% performance fee on returns above an 8% annual hurdle (net of fees). Distribution is direct, with no retail, intermediary, or platform channels.
Operations are run by a small team of three or more, including Founder/President/Fund Manager Tom Antony (CFA, 30+ years experience, prior $2B AUM at RT Capital), Associate Portfolio Manager Chris Lee (CFA, 19+ years experience), and Operations Manager Ginnie Chen (CPA/CMA). The operating stack is anchored by TD Prime Brokerage for custody and execution, SGGG Fund Valuators for fund valuation, and Community Trust for registered plan administration. Reported performance from June 2004 to May 31, 2026 was +1,657.64% cumulative (13.92% annualized), with the fund rated Top 10 in Alternative Strategies (Equity Focused, C$) on FundProfiler.
Peregrine Investment Management firmographics
Firmographics- Name
- Peregrine Investment Management
- Legal name
- Peregrine Investment Management Fund L.P.
- Website
- https://peregrineinv.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Peregrine Investment Management is a Toronto-based private hedge fund manager operating the long-short Peregrine Fund for accredited investors across five Canadian provinces, with sector focus on Canadian small-cap technology, financial services, and healthcare.
- Ownership category
- akta.pro rank
Peregrine Investment Management industry classification
Industry- Product category
- Hedge Fund / Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Fundamental/Discretionary Equity Long/Short (FSAHAAAA)
- akta.pro secondary industry
- Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)
Keywords
Where Peregrine Investment Management is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Peregrine Investment Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Management Fees: Annual management fee of 2% charged on assets under management. This provides recurring revenue based on fund size.
- Performance Fees: 20% performance fee on returns above an 8% annual hurdle rate. This creates alignment between fund manager and investor interests and provides upside potential during positive market periods.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Peregrine Fund - Series One |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Peregrine Investment Management product offering
Product offeringCore offering
Peregrine Investment Management operates a long-short hedge fund (the Peregrine Fund) that typically invests in approximately 25 securities, with primary focus on Canadian equities and secondary exposure to U.S. equities, concentrating in technology, financial services, and healthcare sectors. The firm charges a 2% annual management fee and a 20% performance fee on returns above an 8% annual hurdle rate. A separate Peregrine Trust vehicle enables accredited investors to hold the same portfolio within registered accounts (RRSPs and TFSAs).
Product overview
Peregrine Investment Management offers a single core investment product, the Peregrine Fund, alongside its affiliated Peregrine Trust. The Peregrine Fund is a long-short hedge fund that invests in approximately 25 securities, with primary focus on Canadian equities and secondary US exposure, concentrating in technology, financial services, and healthcare sectors. The Peregrine Trust, established in June 2018, extends access to registered account holders (RRSPs and TFSAs) while maintaining an identical portfolio to the core fund. The firm targets accredited investors with a minimum $150,000 investment and 1-year redemption hold period.
Differentiator
Problem solved
Functional benefit
Products and services
- Peregrine Fund A long-short hedge fund with a bias toward long positions, typically investing in approximately 25 securities, focused on Canadian equities with secondary U.S. exposure, concentrating in technology, financial services, and healthcare sectors. Available directly to accredited investors in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec, with a $150,000 minimum investment and a 1-year hold on initial redemption.
- Peregrine Trust A trust structure established in June 2018 to enable accredited investors to hold Peregrine's investment strategy within registered plans (RRSPs and TFSAs), maintaining an identical portfolio to the core Peregrine Fund.
Quantifiable outcome
- +1657.64% total return from June 2004 to May 2026, +13.92% annualized
- +1 more outcomes
Companies that use Peregrine Investment Management
Customer profileSegments2 records
Ideal customer profiles2 records
Peregrine Investment Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Peregrine Investment Management partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Community TrustcoreCommunity Trust is the intermediary trust company that administers registered plans (RRSPs and TFSAs) for the Peregrine Trust, enabling registered account holders to access the fund's investment strategy.
- Peregrine TrustcoreThe Peregrine Trust was established in June 2018 to accept registered investments (RRSPs and TFSAs) from Accredited Investors. The Trust aims to have an identical portfolio of investments to the Fund.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Peregrine Investment Management competitors and assessment
Company assessmentDirect peers
- Goodwood Inc. Toronto-based long-short equity manager running concentrated North American portfolios; comparable structure (small team, long-biased, concentrated names) and Canadian HNW distribution model.
- Polar Asset Management Partners: Canadian long-short equity manager with a strong small/mid-cap focus and offshore corporate structure; competing in the same Canadian alternative strategy universe as Peregrine.
- PenderFund Capital Management: Vancouver-based independent Canadian equity specialist with a small-cap value bent; overlaps with Peregrine on Canadian small-cap security selection and Canadian distribution.
- MacNicol & Associates Asset Management: Toronto-based long-short equity manager focused on North American small/mid caps with high-conviction, concentrated portfolios; directly comparable in mandate and structure to Peregrine.
- Aurora Investment Counsel: Toronto-based discretionary investment manager offering long-short and alt strategies to Canadian HNW and institutional clients; comparable in geography, scale and product mix.
- Canso Investment Council: Canadian credit-oriented alternative manager with long-short mandates; comparable as a Canada-headquartered, employee-owned alt manager with accredited-investor distribution.
- Lawrence Park Asset Management: Toronto-based discretionary long-short equity manager focused primarily on Canadian small/mid-cap names with a similar high-conviction, concentrated approach - the closest operational analog to Peregrine.
Broad incumbents
- TD Asset Management: Large Canadian institutional asset manager and Tom Antony's former employer; represents the scaled incumbent benchmark Peregrine aspires to differentiate from in the Canadian equity space.
- Fiera Capital Corporation: Major Canadian independent asset manager offering a full platform including alternative strategies; broader incumbent that competes for the same Canadian HNW and institutional wallet share.
Emerging players
- Galibier Capital Management: Canadian long-short equity specialist; smaller and more focused than Peregrine but competing in the same concentrated Canadian equity long-short niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Peregrine Investment Management social profiles
Digital presencePeregrine Investment Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peregrine Investment Management leadership team
Management profileNumber of profiles
Profiles3 records
Peregrine Investment Management subsidiaries and ownership
Company hierarchySubsidiaries1 record
Peregrine Investment Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peregrine Investment Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Peregrine Investment Management
What does Peregrine Investment Management do?
Peregrine Investment Management operates a long-short hedge fund (the Peregrine Fund) that typically invests in approximately 25 securities, with primary focus on Canadian equities and secondary exposure to U.S. equities, concentrating in technology, financial services, and healthcare sectors. The firm charges a 2% annual management fee and a 20% performance fee on returns above an 8% annual hurdle rate. A separate Peregrine Trust vehicle enables accredited investors to hold the same portfolio within registered accounts (RRSPs and TFSAs).
Is Peregrine Investment Management a public or private company?
Peregrine Investment Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Peregrine Investment Management founded?
Peregrine Investment Management was founded in 2004. It employs 1 to 10 people.
Where is Peregrine Investment Management based?
Peregrine Investment Management is headquartered in Toronto, Canada, in the North America region.
How does Peregrine Investment Management make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees.
Who are Peregrine Investment Management's main competitors?
Direct peers on record are Goodwood Inc., Polar Asset Management Partners, PenderFund Capital Management, MacNicol & Associates Asset Management, Aurora Investment Counsel, Canso Investment Council and Lawrence Park Asset Management. Broad incumbents are TD Asset Management and Fiera Capital Corporation. Galibier Capital Management is listed as an emerging player.
Does Peregrine Investment Management have an API?
No public API is recorded for Peregrine Investment Management.
What industry is Peregrine Investment Management in?
Peregrine Investment Management's product category is Hedge Fund / Alternative Asset Management. Its primary akta.pro industry code is FSAHAAAA, Fundamental/Discretionary Equity Long/Short, with a secondary code of FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 52394 and its SIC code is 6282.