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
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