Lansdowne's Paul Ruddock Defends Merits Of Shortselling

This has been a difficult year for shortselling overall, not to mention the veiled and outspoken barbs that many shortsellers have taken in the past months. In the increasingly bullish markets, betting against a stock has been painful to say the least. Long/short funds have consistently declined in their short positions while outperforming in their long book. Lansdowne Partners, founded by Sir Paul Ruddock, has a heavy sized short book which unlike the others has continued to perform well even when shorts all around have suffered. Ruddock recently talked to Telegraph’s Kamal Ahmed and defended the role that hedge fund…