Friday, 22 August 2014
Last updated 5 hours ago
Aug 1 2011 | 11:28am ET
Landsdowne Partners, a European hedge fund with $16 billion AUM, has sold its $850 million stake in Goldman Sachs, according to Reuters.
Citing an unnamed source “close to the situation,” the news agency says Landsdowne’s decision to sell is part of a move out of increasingly regulated investment banks and into retail banks.
Reuters says Landsdowne sold its Goldman stake at the beginning of this year.
Shares in Goldman Sachs have taken a 20% dive this year, as it and other investment banks grapple with the effects of the Dodd-Frank regulations on their proprietary trading. Goldman’s June earnings were significantly lower than predicted.
Lansdowne, which scored big shorting banks during the financial crisis, is also having a difficult year, it’s flagship UK fund is down 11% so far this year.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note