Wednesday, 30 July 2014
Last updated 2 hours ago
Apr 29 2013 | 12:35pm ET
Lansdowne Partners may have recently quit one of its longest-held short positions, but that has put barely a dent into the size of the hedge fund's short book.
Lansdowne, which manages US$12.4 billion, is short as much as US$4 billion in European equities, ValueWalk reports. The hedge fund is short at least 27 such companies.
Among the names present in Lansdwone's short book are gas engineering company Air Liquide, information technology company Amadeus IT Holding, engineering company Atlas Copco, retailer H & M Hennes & Mauritz, publisher Pearson, engineering company Sandvik and supermarket company Tesco. Most of those shorts are worth in excess of US$200 million.
Lansdowne during the first quarter exited its four-year Prudential short, which has cost it dearly. Pru's shares have doubled since Lansdowne opened the position, during or before January 2009. The hedge fund said it was abandoning the investment because it believes Pru shares will not fall "any time soon."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…