Pegrum to join Soros fund firm

HEDGE fund manager Neil Pegrum has quit his job at Cazenove Capital to join Soros Fund Management, the secretive fund firm set up by billionaire financier George Soros.

Pegrum, a specialist in small to mid cap stocks who ran over £300m in assets, handed in his notice last week and has now left the firm.

Pegrum joined Cazenove from rival fund manager Insight Investment in 2004 and generated strong performance from his funds, notably during bull markets.