Former Landsdowne Manager Goes From Hedge Fund To Hedges

Oct 9 2008 | 10:57am ET

At least one hedge fund manager is calling it quits for now. Arnab Banerji, the former Landsdowne Partners portfolio manager, has reportedly left the London-based hedge fund shop for greener pastures—literally. 

Banerji is leaving the volatile industry to focus on his money-losing garden products company, Imajin, the Financial Times reports

The move led Lansdowne, one of London’s biggest hedge fund managers, last month to allow investors an early exit from its emerging markets fund, which Banerji set up. Most investors chose to leave the fund, cutting its assets from a peak of more than US$500 million, including a large managed account, to about US$50 million.

According to the FT, Imajin’s $17 million annual revenues pale in comparison to the income of hedge fund managers, including those from Landsdowne, which revealed it paid junior staff an average of £269,000 (US$469,467) in 2006. Its partners’ salaries were undisclosed.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...