Lansdowne Partners to Close Long Short Equity Fund

Posted on 07/07/2020

London-based Lansdowne Partners disclosed that it is shuttering its main hedge fund, the Lansdowne Developed Markets Fund, which has US$ 2.8 billion in assets under management. The hedge fund follows a long/short equity investment strategy. The Lansdowne Developed Markets Fund earned returns of 1.3% in 2019 and losses of 7% in 2018, according to media sources. The fund had losses of 23% in the January-June period of 2020. Lansdowne Partners was formed in 1998 by Paul Ruddock and Steven Heinz.