Lansdowne Partners up 7.1% YTD

July 15th, 2012
| More
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.

According to the article, Lansdowne’s lead managers, Stuart Roden and Peter Davies, have renewed faith in the banking sector, commenting in their most recent investor letter that “The underlying trading environment now looks increasingly stable for both U.S. and U.K. retail banks…While clearly news flow is likely to remain volatile, we do feel that this kind of uncertainty is well- embedded in current investor thinking.”
For Detailed Investor Profiles on these Investors, click below:
Lansdowne Partners
Related People: Paul Ruddock*; Peter Davies ; Steve Heinz*
Related Entities: Lansdowne European Equity Fund; Lansdowne European Long Only Fund; Lansdowne European Strategic Equity Fund; Lansdowne Global Financials Fund; Lansdowne UK Equity Fund; Morgan Stanley; Theleme Partners
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

More Recent Headlines

Fortress’s Drawbridge Special Opportunities Fund Named “Best Distressed Hedge Fund”

Hedge Funds Lag Equity Markets in Macro Driven Market

UCITS HFS Index takes fourth monthly loss in a row, down -0.09% in June 2012

Top Small & Mid-Cap Focused Hedge Funds see assets jump by 18.8%

AIFMD & the Death of the traditional Hedge Fund

SAC Capital poaches Edoma Capital’s Louis Villa

Fortress Investment Group Receives Second Consecutive “Credit-Focused Hedge Fund of the Year” Award from Institutional Investor

Saba profitably exits trade that cost JPMorgan more than $2 billion

Agus Tandiono Returns home to Citadel LLC as Asia’s smaller Hedge Funds Continue to Fold

More Hedge Funds Buying Key Man Life Insurance Post-Financial Crisis