Lansdowne Partners up 7.1% YTD
|July 15th, 2012||
|Lansdowne Partners LP’s flagship Lansdowne Developed Markets hedge fund, which has nearly $7.5 billion in assets under management, is up 7.1% through the first half of the year, according to Bloomberg news. The Developed Markets fund is still trying to recover from a dismal 2011, during which it declined by 20%. Lansdowne’s 2011 underperformance was notably driven by it investments in banking stocks, including Lloyds Banking Group, which has bounced back over the past months. |
Overall, Lansdowne Partners manages $11 billion in assets, positioning it as one of Europe’s largest hedge funds. Notably, the long/short global equity manager is ranked the twenty-seventh largest fund on HedgeTracker’s Top 100 Hedge Funds List.
For Detailed Investor Profiles on these Investors, click below: