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

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

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.