Add Lansdowne Partners to the list of September casualties.
The London-based hedge fund firm took a hit last month, but compared to its peers fared relatively well. The $7 billion fund fell 6.1%, but remains up 1.3% on the year, well ahead of most hedge fund indices.
The firm, which Morgan Stanley owns a 19% stake in, told investors in a letter that a “market environment where volatility was pretty unprecedented” was responsible for the losses.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...