Hedge Funds

Lansdown adds U.S. LP for European long-only fund


Lansdowne Partners, the $6 billion London-based investment firm headed by Paul Ruddock and Steve Heinz, has responded to growing U.S. demand for its new European Long Only Fund with the launch of a U.S. onshore LP version.

The new version, which will launch on 1 November, will carry the same terms as the offshore fund - charging fees of 1% and 10%, with a one-year initial lock-up followed by quarterly liquidity with three months notice.

Launched at the start of this year, the European Long Only Fund has made a very strong start - gaining 35.82% to the end of