Pegasus, After 63% Return In 2013, Bets On UK; Praises Paul Singer

The Pegasus Fund was awarded the EuroHedge Award for the best European Equity fund for 2013 (assets under $500m).

A specialist and focused UK long/short equity hedge fund, its area of strength is investing in UK companies. “Right now they are operating in the fastest recovering economy within developed countries,” says David Yarrow, the fund’s Founding Partner and Fund Manager in its monthly report for January 2014, a copy of which was reviewed by ValueWalk.

Pegasus Fund performance

Since inception on 31/10/97, Pegasus Class A1 shares (GBP NAV) have delivered a compound annual return (dividends reinvested) of 12.5% versus 5.9% from the benchmark FTSE All-Share Total Return...