Lansdowne Princay Fund Ltd was down 1.24% in the first quarter, even after grabbing a 3.15% return in March. During the same time, the European stock market fell 8%. The fund explains why it is bullish on the French bank Credit Agricole and bearish on business solutions company Capita plc in U.K. Take a look at returns from Lansdowne Developed Markets Fund in Q1. Lansdowne Princay fund managers spent most of the quarterly letter explaining why they have kept a large gross and net long exposure. The fund has a bias towards cyclical stocks and believes that the current fundamentals of economy, low…
Lansdowne Details Short Thesis For Capita Plc
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.