Lansdowne Reopens Flagship—Briefly

Apr 20 2009 | 11:06am ET

Lansdowne Partners briefly reopened its flagship hedge fund earlier this year, joining the ranks of the long-closed funds that have taken in new money to replace that lost to redemptions.

Lansdowne allowed several investors on its waiting to list to enter the fund in January, Financial News reports. The fund, which manages US$6.3 billion, had been closed to new investors for five years.

The fund, which invests in British equities, actually enjoyed positive returns last year, adding 0.5% while the average hedge fund lost close to 20%. But investors still pulled more than US$1 billion from the fund, which has returned 6% this year.

It is unclear how long Lansdowne kept the fund open to new investment. One investor who said he was able to put money in earlier this year told FN that his attempts to invest more since then have not been accepted.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of