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Any objections to this version?
Oiona, I will defer to another user to give an additional opinion. However first impressions make this look like a PR puff piece designed to minimise any negative news surrounding the firm. Keep in mind this article has already been removed from mainspace before and I had to create an entirely new version. Being in violation of WP:NPOV or seen as WP:COI is a quick way to get this article removed. - Imcdc Contact 03:36, 6 April 2024 (UTC)
- Hi Imcdc, I just want to clarify that when you say "this article" you're not referring to my version, which is not a PR puff piece - it's a decent rewrite of page that had heavily featured a curiously pointed article from the FT that featured unattributed quotes - which the former version had reproduced as facts without highlighting them as unattributed, which is surely not kosher? I suppose I could have done without saying that the firm had done well after the 2008 crash, but it is true - is that the part that you object to?. Thanks Oiona (talk) 11:05, 8 April 2024 (UTC)
Lansdowne Partners (Lansdowne) is a British investment management firm known for its investments in equities. Founded in 1998 by Paul Ruddock and Steven Heinz, the firm was an early entrant into the European hedge fund industry.[1] The firm's name comes from Lansdowne Walk in Holland Park where it was established.[1]
Background
editLansdowne's flagship hedge fund, the Lansdowne Developed Markets fund (formerly the Lansdowne UK Equity Fund), launched in 2001 and was managed by Peter Davies and Stuart Roden, who had previously worked at Mercury Asset Management.[1][2][3][4] The fund enjoyed early success and reached a peak of $21 billion in assets under management (AUM) in 2015.[1] In recent years, the firm has transitioned from its hedge fund strategies to long-only strategies, more in line with mainstream asset managers.[1] In 2006, Lansdowne sold a 19% stake to Morgan Stanley Investment Management, at which point the firm had $12 billion in AUM across five different investment strategies.[1][3] The firm navigated the 2007-2008 financial crisis well, with its UK Equity Fund profiting from short positions in the financial and housing sectors and subsequently catching the market rebound in 2009.[1]
References
- ^ a b c d e f g Agnew, Harriet (14 June 2023). "Lansdowne Partners and Marshall Wace: a tale of two hedge funds". Financial Times.
- ^ Fletcher, Laurence (2019-06-20). "Falling down: hedge fund Lansdowne suffers string of bad bets". Financial Times. Retrieved 2023-10-14.
- ^ a b Cite error: The named reference
:0was invoked but never defined (see the help page). - ^ "Lansdowne names new heads as Heinz steps back | Financial Times". www.ft.com. Retrieved 2023-10-14.
Leadership Changes and Strategic Shift
editLansdowne's flagship hedge fund, the Lansdowne Developed Markets fund (formerly the Lansdowne UK Equity Fund), launched in 2001 and was managed by Peter Davies and Stuart Roden, who had previously worked at Mercury Asset Management.[1][2][3][4] The fund enjoyed early success and reached a peak of $21 billion in assets under management (AUM) in 2015.[1] In recent years, the firm has transitioned from its hedge fund strategies to long-only strategies, more in line with mainstream asset managers.[1]
In 2006, Lansdowne sold a 19% stake to Morgan Stanley Investment Management, at which point the firm had $12 billion in AUM across five different investment strategies.[1][3] The firm navigated the 2007-2008 financial crisis well, with its UK Equity Fund profiting from short positions in the financial and housing sectors and subsequently catching the market rebound in 2009.[1] Leadership Changes and Strategic Shift In June 2013, co-founder Paul Ruddock retired, followed by Steven Heinz stepping back from day-to-day activities in 2014. However, they remained significant shareholders, which some viewed as an obstacle to the firm's expansion.[1][4] In July 2020, Lansdowne announced the closure of the Developed Markets fund.[1][2][3][5][6][7] Many of the fund's investors converted to the Lansdowne Developed Markets Long Only Fund.
References
- ^ a b c d e f g Cite error: The named reference
FT1was invoked but never defined (see the help page). - ^ a b Fletcher, Laurence (2019-06-20). "Falling down: hedge fund Lansdowne suffers string of bad bets". Financial Times. Retrieved 2023-10-14.
- ^ a b c Cite error: The named reference
:0was invoked but never defined (see the help page). - ^ a b "Lansdowne names new heads as Heinz steps back | Financial Times". www.ft.com. Retrieved 2023-10-14.
- ^ Fletcher, Laurence (2016-09-23). "Hedge Fund Lansdowne Partners Loses Big on Glencore Bet". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-10-14.
- ^ Fletcher, Laurence (2020-07-07). "Lansdowne to shut $2.8bn hedge fund after weak returns". Financial Times. Retrieved 2023-10-14.
- ^ "Lansdowne to Shut Main Hedge Fund in Retreat From Shorting". Bloomberg.com. 2020-07-07. Retrieved 2023-10-14.
Recent developments
editUnder the leadership of Brian Heyworth, who was appointed Managing Partner in January 2024, Lansdowne has focused on strengthening its long-only offerings and expanding its client base. In 2022, the firm launched a UCITS version of its long-only European fund, making it accessible to European wealth managers. Lansdowne acquired Crux Asset Management, a long-only boutique firm, in August 2023.[1][2] The acquisition aimed to bolster the firm's UCITS offerings and expand its reach in the UK and US wealth management markets. The firm has also launched a long-only retail version of its Developed Markets Fund in late 2023.
As of June 2023, Lansdowne's AUM stood at $7 billion.[1] The firm is backed by two major international investors, Morgan Stanley Investment Management and Stephens, which own 19% and 9% of the company, respectively.
References
- ^ a b Cite error: The named reference
FT1was invoked but never defined (see the help page). - ^ Agnew, Harriet (2023-05-31). "Lansdowne to buy investment boutique in long-only push". Financial Times. Retrieved 2023-10-14.