Cazenove’s Pegrum To Join Soros

Apr 26 2010 | 12:56pm ET

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.

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