Lansdowne duo stick to their guns despite 20% losses

Thu Jan 26, 2012

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Coming off the back of their worst-ever year, Stuart Roden and Peter Davies – co-managers of the big Lansdowne UK fund, which is soon to be renamed as the Lansdowne Developed Markets Fund – remain sanguine about prospects for their core holdings and their investment strategy in spite of the difficult market conditions and the fund’s poor performance in 2011.

Beginning a detailed and insightful December newsletter with an apology to their investors for the fund’s 20% loss last year – which marked its only significant down year in more than 10 years of otherwise spectacular performance – the pair admitted that the dominance of political and macro events in 2011 had taken them by surprise.

"Whereas our ability to exclude noise in assessing...

ISSN: 2151-1845 / CDC10004H

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