Friday, 29 August 2014
Last updated 14 hours ago
Jan 21 2009 | 2:54am ET
Lansdowne Partners did not waste any time profiting from the expiration of Britain’s ban on short-selling financial stocks.
The London hedge fund disclosed—as per U.K. Financial Services Authority rules—that it was shorting Barclays on Friday, the day the ban expired. Shares of Britain’s second-biggest bank happened to fall 27.9% on that day, earning Lansdowne a handsome profit.
Barclays shares have fallen another 25.6% this week, though it is unclear whether Lansdowne is continuing to short the stock. Under the disclosure rules imposed by the FSA in September, investors have to report any short stake exceeding 0.25% of a financial company’s issued share capital. Firms only have to make further disclosure if their short position changes by another 0.1% of issued share capital. Lansdowne’s disclosed short position on Friday was 0.25%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...