Tony Blair, Hedge Fund Lansdowne In Speaking Deal

Jan 25 2010 | 9:41am ET

Former British Prime Minister Tony Blair is joining hedge fund Lansdowne Partners—at least for a few days.

Blair, who left office in 2007 after a decade at the U.K.’s helm, will make four speeches on geopolitical issues for Lansdowne this year. He’ll be paid tens of thousands of pounds for the appearances, Sky News reports.

For now, the relationship between the hedge fund, in which Morgan Stanley owns a 20% stake, and the former politician will go no further. But Sky reports that the speaking deal could evolve into a formal advisory role at the hedge fund if things go well. Blair is no stranger to such work—he’s served as an adviser to JPMorgan Chase and Zurich Financial Services.

But a role at Lansdowne would raise eyebrows, coming in the wake of U.S. President Barack Obama’s bid to strictly limit banks’ trading and hedge fund involvement. Nor is Lansdowne known as a friend to Blair’s Labour Party, with the firm’s co-founder, Paul Ruddock, serving as a major donor to the opposition Conservative Party, widely tipped to oust Blair’s successor Gordon Brown in elections set for this year.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note