Pegasus Fund had its second most profitable year since its founding in 1997, reporting strong +63.8% performance in 2013 following lackluster low single digit performance in 2010, 2011 and 2012, according to a report to investors reviewed by ValueWalk. The fund primarily invests in UK stocks both long and short.
Pegasus Fund investor letter
“63.8% is a very big number indeed,” the investor letter said, “and we would caution against anyone extrapolating this progress into the future - we have been around long enough to know that in this game of fear...


