The Hottest Hedge-Fund Strategy Faces an Existential Crisis
- Lansdowne shuts flagship fund amid lack of short opportunities
- Some 87% of equity hedge funds lost money in March rout
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The world’s most popular hedge-fund strategy is no longer working.
Lansdowne Partners this week shuttered the long-short equity fund that made it famous, raising fears about the future of peers who make money by betting on winning stocks and shorting losers. Sloane Robinson also called it a day after more than 25 years of buying and selling equities.