Saturday, 27 August 2016
Last updated 23 hours ago
Feb 3 2012 | 12:27am ET
After losing more than 20% last year, Lansdowne Partners' flagship hedge fund needed a good start to 2012—and it got one.
The London-based firm's UK Fund rose 5.7% in January, well ahead of the less than 2% increase in the FTSE 100 index, Reuters reports. Lansdowne, one of Europe's biggest hedge fund managers, has about US$16 billion in assets.
The UK fund was burned last year by financial stocks. But fund managers Peter Davies and Stuart Roden have pledged to stick by the sector, predicting a bank stock rally this year.