EFC – If you were looking for an opportune time to join a hedge fund and receive a large pay day, it would have been wise to apply to Egerton Capital at the beginning of 2013. It was a great year for the firm – assets under management swelled and performance beat the vast majority of its peers. And if you made it to partner, you would have been one of a select few to share £141.4m in profits.
The hedge fund with chief investment officer John Armitage at the helm was up 27.7% in 2013 and assets nearly doubled from $6.9bn at the end of 2012 to $13.2bn by the end of last year. In short, 2013 was something of a success for the firm and this is highlighted in its accounts filed this week on the UK Companies House website.