Tuesday, 21 October 2014
Last updated 16 min ago
Oct 3 2012 | 1:38pm ET
Lansdowne Partners has added a long-only fund to the portfolio of its top hedge-fund managers, Peter Davies and Stuart Roden.
The London-based hedge fund launched its Developed Markets Long-Only Fund on Monday, Financial News reports. The new fund will invest only in the largest and most-liquid stocks.
Davies and Roden have been running the strategy since January as a managed account, with US$350 million from an American institutional investor. The managers believe the new fund will profit over the next decade, which Davies and Roden say will see material flows over that period.
Developed Markets Long-Only is actually Davies' and Roden's second long-only offering, after the Developed Markets Strategic Investment Fund, which debuted five years ago. That fund, which currently manages US$580 million, has a US$1 billion capacity.
The new fund has an unlimited capacity, unlike Developed Markets Strategic Investment and their newly-renamed and restructured Developed Markets hedge fund. That fund has a US$7.6 billion capacity due to short-book constraints. That fund is up 8.75% on the year.
Developed Markets Long-Only will charge a 1% management fee and no performance fee.
Sep 22 2014 | 4:15pm ET
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Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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