Lansdowne Nets Big Profits From Shorting UK's Oil & Gas Sector

Lansdowne Partners’ latest short bet is against the largest German builder, HOCHTIEF AG (ETR:HOT) (FRA:HOT) and as Lansdowne’s charm usually works, shares are down over 8.6 percent since the position was disclosed on June 5. HOCHTIEF AG (ETR:HOT) (FRA:HOT) was recently downgraded by Berenberg Bank AG from Buy to Hold. The builder faces slowing business due to a slowdown in Australian construction and mining. Take a look at Lansdowne’s $3 billion European short equity portfolio (no typo there)! See all European shorts here Lansdowne Strong Bets Against The Oil And Gas Sector Lansdowne is also going strong in bets against the oil…