Egerton Capital, founded and managed by the well-known U.K. manager John Armitage, enjoyed double-digit returns for 2023. As of January 2024, Egerton had $14.3 billion in assets under management.
For the fourth quarter on a currency-unhedged basis, the Egerton Capital Equity Fund returned 4.7% in British pounds, 4.8% in euros, and 9.3% in U.S. dollar terms, resulting in full-year returns of 15.2%, 17.8%, and 21.9%, respectively. On a currency-hedged basis, the fund's returns ranged from 7.2% in euros up to 7.8% in U.S. dollar returns, bringing its full-year returns to between 17.9% and 20.9%, respectively.
For comparison, the...