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Lansdowne Down 6.1% In Sept.

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.


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