Lansdowne Launches Long-Only Fund For Flagship Managers

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.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...