Monday, 27 March 2017
Last updated 2 days ago
Jan 10 2014 | 1:07pm ET
Clareville Capital Partners beat two of the biggest names in the European hedge fund industry to be last year's top performing hedge fund in the region with more than $250 million in assets.
Clareville's US$291 million Pegasus Fund returned 54.1% through October, good enough to top Bloomberg Market's annual ranking of large and mid-sized European hedge funds. The firm beat out Lansdowne Partners' US$1.5 billion Developed Markets SIF, which rose 44.5% over the period, and The Children's Investment Fund Management, which returned 39.7%. TCI manages US$7.3 billion in assets.
Former GLG Capital star trader Philippe Jabre rounds out the top five, with his Jabre Capital Partners' US$520 million Multi-Strategy Fund up 37.8% and its US$507 million Global Balanced Fund up 37.5%.
Clareville took the top spot with several concentrated bets on British stocks. Notable winners last year included airline stocks International Consolidated Airlines Group and EasyJet, as well as online property company Rightmove, Dixons Retail and food wholesaler Booker Group.
Lansdowne's SIF fund didn't only do well by itself. As part of Lansdowne's flagship hedge fund, it helped vault the Developed Markets Fund to 15th place on Bloomberg Markets' list.