Tuesday, 4 August 2015
Last updated 15 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…