Lansdowne Partners Discloses New Shorts; Sees Massive Disruption Coming In Autos

Like many others, Lansdowne Partners was burned by volatility in the first quarter. The flagship Developed Markets Fund was down 7.99% in the first quarter, whereas the Developed Markets Long Only Fund Ltd was down 4.5% in the same period, according to a quarterly update reviewed by ValueWalk. Volatility shook up assets across the board The firm’s management said that volatility was so extreme in the first quarter that it made for the most difficult period in their careers. While most asset classes swayed even though there was no fundamental change, the move in the USD and lower U.S. bond yields were…