Egerton, led by top fund manager John Armitage, shut the door on the $6bn (£3.7bn) long only fund in September, after closing its $5bn plus long/short fund last year. It follows a burst of interest from investors hoping to prosper from Egerton’s stand-out performance.
Assets under management at Egerton, which is nominated in this year’s City A.M. awards, have surged by 80 per cent over the year due to massive demand from investors. Armitage, who co-founded Egerton in 1994, recorded a return of 13.8 per cent last year, putting him among some of the best fund managers in the country. His performance in the first half of this year has been even stronger, delivering a return of 15.2 per cent, according to figures. It currently has an elite unit of just 13 managers working on the two funds, based in a small office in Mayfair.