Lansdowne Boasts US$4 Billion European Short Book

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."


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note