Sunday, 31 August 2014
Last updated 1 day ago
Feb 22 2012 | 3:31am ET
Having ceased to be a U.K.-focused hedge fund in all but name last year, Lansdowne Partners is rechristening its flagship offering.
For more than 10 years, the US$7.5 billion vehicle has been the UK Equity Fund. But last year, Lansdowne abandoned a provision that required half of the fund's assets to be invested in the U.K. Now, it's dropping the UK from the name.
Beginning in April, Lansdowne's flagship will be known as the Developed Markets Fund. Investors have already approved the changes, which allow the fund to put up to 10% of its assets into emerging markets.
Managers Peter Davies and Stuart Roden have no plans to do so just yet, Reuters reports.
In November, Davies and Roden explained the change.
"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," they wrote to clients.
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 ...