Lansdowne halts investments in fund
Tuesday, July 28, 2009 : PermalinkReuters UK – Lansdowne Partners, one of the country’s largest hedge fund managers, has stopped accepting investments in its flagship fund with several other big funds set to follow suit, according to the Financial Times.
It said the 4.9 million pound Lansdowne UK equities fund, which is up around 18 percent so far this year, was no longer accepting new money after more than $1.2 billion (728 million pounds) was withdrawn in record redemptions.
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financial times, hedge-fund-managers, investments, lansdowne partners, new-money, redemptions, reuters, uk equities
