Pegasus Fund Up Astonishing 54 Percent In 2013

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London based Clareville Capital is bagging big returns in its Pegasus Fund. The long/short equity hedge fund is up a whopping 54% through October of this year which outperforms the return on all hedge fund benchmarks by many times. Pegasus down on Twitter In the latest monthly letter, David Yarrow talks about Pegasus’ position in International Consolidated Airlines Grp (LON:IAG), the parent company of British Airways. Pegasus has several big positions in the travel sector, the fund has reaped decent profits from its stakes in easyJet plc (LON:EZJ), up 85% YTD and Thomas Cook Group plc (LON:TCG), up 260% YTD….

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