Neil Pegrum to Soros
Cazenove's Neil Pegrum Leaves to Soros Capital Management
Cazenove Capital Management has lost one its top hedge fund manager to George Soros' firm. Neil Pegrum left the hedge fund firm, where he managed close to $463 million, to go to Soros Capital Management. Paul Marriage, who co-managed with Pegrum, will continue to manage their funds.
A top Cazenove Capital Management hedge fund manager is joining Soros Fund Management.
Neil Pegrum, who managed more than £300 million in mid- and small-cap stocks for Cazenove, quit last week. It is unclear what his role will be at New York-based Soros, which manages some US$27 billion.
Pegrum’s former co-manager, Paul Marriage, will continue to manage their funds, which have posted consistently high returns since Pegrum arrived six years ago. Pegrum and Marriage’s UK Dynamic Fund is up 69% over the past year.
Marriage will go it alone on the Absolute UK Dynamic Fund and UK Dynamic Absolute Return Fund. Julie Dean has been added to the Dynamic Fund’s team, and will manage its long-only portfolio.
Cazenove also plans to add a British small- and mid-cap fund manager, it said. Source
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