Lansdowne Financials Fund Down 4.5%

Mar 17 2010 | 1:32pm ET

Lansdowne Partners’ financials fund is off to a slow start this year.

The London-based fund “gave up” 3% in Feburary, the New York Post reports. The fund is down about 4.5% this year, the firm told investors in a letter. Most of the losses came from its emerging markets portfolio.

Lansdowne said the “dull” returns could last for some time.

The fund returned about 38% last year.

Lansdowne Partners was founded in 1998 and currently manages three fundamental equity strategies -- UK, European and the aforementioned global financials fund. It is one of the largest alternative asset managers in the UK.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of