Some European long/short hedge funds incurred large losses in the beginning of August, The Wall Street Journal reports. Funds managed by firms including Lansdowne Partners, Ridley Park Capital, Horseman Capital Management and Henderson Global Investors have been the worst affected.
In the month to August 12, the Lansdowne U.K. Equity fund fell 4.3%, while the Lansdowne Global Financials and Lansdowne European Equity funds also saw losses. On the other hand, Marshall Wace’s MW Global Opportunities fund was up 7.32% this month to August 16.
Click here for the story from The Wall Street Journal.