Hedge Fund - Lansdowne Partners

Paul Ruddock And Steve Heinz Bio, Returns, Net Worth

Lansdowne Partners was founded in 1998 by Sir Paul Ruddock - former head of international business at Schroders who received a knighthood on New Year's 2012 for his philanthropic work - and Steve Heinz - who managed equities at Harvard Management. Sir Paul Ruddock is Lansdowne's CEO while Heinz is the firm's CFO and director. When the pair set up shop in 1998, the only other European hedge fund that was managing more than $1 billion was John Armitage and William Bollinger's Egerton Capital - but they were on to something. Lansdowne Partners is widely considered one of the most successful hedge funds in world. Confidence in the company is so great that Morgan Stanley Investment Management (MSIM) actually owns a 19% stake in the company, which it bought in 2006. As of the end of the third quarter 2011, Lansdowne Partners had just under $7.46 billion in assets under management.

Lansdowne Partners was founded in 1998 by Sir Paul Ruddock - former head of international business at Schroders who received a knighthood on New Year's 2012 for his philanthropic work - and Steve Heinz - who managed equities at Harvard Management. Sir Paul Ruddock is Lansdowne's CEO while Heinz is the firm's CFO and director. When the pair set up shop in 1998, the only other European hedge fund that was managing more than $1 billion was John Armitage and William Bollinger's Egerton Capital - but they were on to something. Lansdowne Partners is widely considered one of the most successful hedge funds in world. Confidence in the company is so great that Morgan Stanley Investment Management (MSIM) actually owns a 19% stake in the company, which it bought in 2006. As of the end of the third quarter 2011, Lansdowne Partners had just under $7.46 billion in assets under management.

The pair controversially took short positions in Northern Rock and HBOS at the height of the credit crunch, placing this hedge fund among the several criticized during the 2008 financial crisis for shorting bank stocks. Investing in financials seems to be a trend for Lansdowne Partners. As of the end of the third quarter 2011, a significant portion of Lansdowne Partners's portfolio was held in financial stocks, but the fund also held positions in a variety of large cap US stocks, illustrating the breadth of its investing focus.

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Paul Ruddock And Steve Heinz
Fund Profile
Filling Period:
Fund Holdings Sector Distribution
Fund Name: Lansdowne Partners
Manager Paul Ruddock And Steve Heinz
Portfolio Value $11,129,578,000
Change This QTR +1.05%
Filling Period:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1.) CMCSA 26,963,419 $1,450,097 -1% 13.02%
2.) JPM 22,648,232 $1,364,344 +11% 12.25%
3.) DAL 26,360,798 $952,940 -1% 8.56%
4.) GS 4,543,163 $833,993 +238% 7.49%
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