Hedge fund investing in Royal Mail employs George Osborne’s friend

The Telegraph – More than 40,000 people who tried to buy shares in the privatisation have received nothing at all. By contrast City institutions were able to buy two thirds of the newly privatised company.

Lansdowne Partners, one of the world’s biggest hedge funds, has invested in Royal Mail and is said to have a £50million stake in the company. After a day of frantic trading the value of its shares has risen by £18million.

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