Hedge Fund News From HedgeCo.Net


Hedge Fund Bet On Glencore Backfires With $100m Loss

(Reuters) London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that bet had generated returns in 2014 and 2015, when Glencore more than other major miners was dragged down by falling commodity prices and concerns about its level of debt. But so far this year, Glencore’s shares have risen 29 percent, from 278 to 354 pence, making it the top-performing global miner.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply