BT hit weighs on hedge fund Lansdowne's January returns - letter



After ending last year down heavily, the value of London-based Lansdowne Partners' main fund slid again in January after shares in crisis-hit BT Group (BT.L) plunged, a letter to investors seen by Reuters showed.
Lansdowne, one of Britain's oldest hedge funds, struggled last year, losing 15 percent in its main vehicle, the $9.3 billion (7 billion) Developed Markets Fund, according to a report by HSBC. The same fund fell a further 2.9 percent in January, the letter showed.
The biggest drag in the opening weeks of the year was BT, which lost the fund 1.3 percent when it shed a fifth of its... read more

 
17 February 2017 in Business, Views: 55
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
              1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    31