Pelham Capital’s flagship fund, the Pelham Long/Short Master Fund, gained 11.6% in July helping to cut the record losses suffered by the firm so far in 2022, according to a report by Bloomberg.
The report cites an investor document as revealing that despite the gains, the fund is still down almost 33% up to the end of July, its worst ever performance since it started trading in 2007.
Pelham’s smaller Long/Short Small Cap Master Fund also made 10% last month, bringing its losses so far this year to 29%. another document shows.
Pelham, which was founded by former Lansdowne Partners manager Ross Turner and is part owned yb Petershill Partners, currently runs about $2 billion in assets, down from $5 billion in 202, according to an unnamed source.
