Meet The Hedge Fund Manager Who Made $1.5 Billion Last Year and His Top 5 Picks


According to the Wall Street Journal, hedge fund manager John Armitage of Egerton Capital made $1.5 billion for his investors last year. Armitage was said to be short oil and energy stocks, pressing those position as much of his peers were looking for a bounce.

In a world where some of the world’s best investors will end the year down double digits, Armitage’s net worth has likely grown toward the billion dollar level after collecting fees on his top-tier industry performance.

So who is John Armitage?

Armitage graduated from Cambridge University in 1981 with a degree in modern history. He started his hedge fund Egerton Capital in 1994 and has put up some of the best risk-adjusted returns in the hedge fund industry since. Egerton has returned 15% net of fees with significantly less volatility than the S&P 500 since 1994. That’s why the fund has amassed more than $15 billion in assets under management.

For a glimpse into the best ideas from John Armitage, below are the top 5 holdings of his $15 billion hedge fund, Egerton Capital:

Time Warner Cable (TWC)
Southwest Airlines (LUV)
Gilead Sciences (GILD)
Comcast (CMCSA)
Priceline (PCLN)

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Stocks, Investing, Economy, Business, Commodities, Oil, Fed