Pennant’s Flagship Broadway-Gate Hedge Fund up 14% YTD

Pennant Capital Management has had a solid year thus far the company's Broadway Gate Fund has beaten the S&P 500  for the first few months of the year. Pennant Capital Partners is a hedge fund run by Alan Fournier. The company's Broadway Gate Fund has $1.2 billion assets under management, and  the firm manages a total of $5.9 billion.

Up to the end of April the fund posted a return of over 14% beating the S&P 500 which showed an increase of just under 12% in the period. The fund's equity portfolio is extremely liquid, most of it being...