Thursday, 28 August 2014
Last updated 8 hours ago
Nov 8 2011 | 9:58am ET
Lansdowne Partners has decided it's too much trouble to invest half of its U.K. Equity Fund in the U.K.
The London-based hedge fund told investors in the vehicle that, in honor of its 10th anniversary, it would do away with a provision that requires half of the fund's assets to be invested in the U.K.
"The U.K.'s position as a magnet for globally relevant companies has clearly diminished in recent years leading to an excessive bias towards commodity-based sectors," fund managers Peter Davies and Stuart Roden explained. "Meanwhile, we should stress that our bias towards emerging market growth remains strongly embedded in our thinking notwithstanding our desire to invest in it through developed market companies."
Davies and Roden called the 50% U.K. requirement "overly restrictive." The two proposed a 90% gross exposure to developed markets, instead, Financial News reports.
Despite the proposed changes, Lansdowne does not appear to plan a less-British name for the fund.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...