UPDATE 1-Cazenove hedge fund manager Pegrum to join Soros

* Strong performance in bull markets

* Paul Marriage to take on funds

* Cazenove to recruit mid and small-cap fund manager

(Writes through, adds detail)

By Laurence Fletcher

LONDON, April 26 (BestGrowthStock) – Highly-rated 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 mid and small-cap stocks who ran
over 300 million pounds ($464 million) in assets, handed in his
notice at the end of last week and has now left the firm, a
spokeswoman said.

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

Over the 12 months to the end of March, for instance, his
long-only UK Dynamic fund returned 69 percent, outpacing the
average return of rivals in the global equity sector by more
than 20 percentage points, according to data from fund research
firm Lipper.

Paul Marriage, who has worked as co-manager with Pegrum on
his funds, will take over responsibility for the portfolios, the
firm said in a statement.

However, the firm also plans to recruit a UK small and
mid-cap specialist fund manager, the spokeswoman said.

She declined to give further details on Pegrum’s new role at
Soros Fund Management, the New York-based firm whose
philanthropist founder earned $3.3 billion last year, according
to Institutional Investor magazine’s AR: Absolute Return +
Growth Stocks

(Additional reporting by Joel Dimmock; Editing by David Holmes)
($1=.6465 Pound)

UPDATE 1-Cazenove hedge fund manager Pegrum to join Soros