Founded 1998 | ||
Lansdowne Partners is an investment management organisation founded in 1998, one of Europe's oldest hedge funds. The firm primarily provides its services to pooled investment vehicles.
Sir Paul Ruddock set up the firm with Steven Heinz in 1998. Ruddock retired in 2013. He is still a significant shareholder. Heinz left the firm in 2014. He will continue to sit on fund boards. Major investors Peter Davies and Stuart Roden control the firm with Alex Snow as chief executive.
In 2007 it was a founder member of the Hedge Fund Standards Board which sets a voluntary code of standards of best practice endorsed by its members.
Lansdowne manages $18bn. It had to shut two hedge funds in 2009. Its main fund, the $8.9bn Developed Markets fund, returned 18% in 2011/2. Morgan Stanley has a 19% stake in the firm.