Saturday, 25 April 2015
Last updated 1 day 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…