Lansdowne Founder Now Sir Paul Ruddock

Jan 4 2012 | 2:07am ET

Lansdowne Partners founder Paul Ruddock has been honored for his philanthropy—and, according to critics, his political donations—with a knighthood from the British government.

Ruddock was named a knight commander of the Order of the British Empire, giving him the title "Sir," in the New Years honors list. Ruddock has given millions to London's Victoria & Albert Museum and British Museum, and serves on the board of New York's Metropolitan Museum of Art. But his firm, Lansdowne Partners, allegedly made more than £100 million for its investors by shorting shares of British banks Northern Rock and HBOS during the credit crisis, earning Ruddock the enmity of the opposition Labour Party and some poison pens from the British press.

In addition to his support for the arts, Ruddock has backed Prime Minister David Cameron's Conservative Party with almost £500,000 over the past decade.

Ruddock's knighting "tells you everything you need to know about the Tories' priorities," Labour Shadow Cabinet Office Minister Michael Dugher said. "At a time when millions of families are struggling to get by, it's the Tories' friends in the City who get the rewards."


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.