{"id":51101,"date":"2015-12-30T09:57:41","date_gmt":"2015-12-30T14:57:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=51101"},"modified":"2015-12-30T09:57:42","modified_gmt":"2015-12-30T14:57:42","slug":"hedge-fund-manager-made-1-5-billion-for-investors-this-year","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2015\/hedge-fund-manager-made-1-5-billion-for-investors-this-year.html","title":{"rendered":"Hedge Fund Manager Made $1.5 Billion for Investors This Year"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 In a year where many of the mainstream headlines regarding hedge funds have focused on fund closures and poor performance from some of the more well-known hedge fund managers, it is nice to see some positive headlines and that is what we got from the Wall Street Journal and Forbes magazine.<\/p>\n<p>Both the Journal and Forbes featured an article on John Armitage and his firm Egerton Capital and according to the Journal\u2019s article, Armitage made approximately $1.5 billion for investors in his fund this year. The gains came as the result of well-placed bearish bets on the energy sector and bullish bets on the likes of Time Warner (NYSE: TWC), Priceline (Nasdaq: PCLN) and Gilead Sciences (Nasdaq: GILD), all of which are up double-digits or more on the year. That is quite the accomplishment given how very few investment ideas have produced double-digit gains this year.<\/p>\n<p>Armitage launched Egerton in 1994 and according to the Forbes article he has produced returns of 15% net of fees since the launch and has done so with \u201csignificantly\u201d less volatility than the S&#038;P 500. <\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 In a year where many of the mainstream headlines regarding hedge funds have focused on fund closures and poor performance from some of the more well-known hedge fund managers, it is nice to see some positive [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048],"tags":[],"class_list":["post-51101","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51101"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51101\/revisions"}],"predecessor-version":[{"id":51102,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51101\/revisions\/51102"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}