Lansdowne Partners Ltd. and Odey European Inc., two of the U.K.’s biggest hedge funds, started 2011 bullish on stocks. The shared view has led both firms to have one of their toughest years managing money.
Caxton Associates LP and Crispin Odey’s hedge fund were among buyers of Bank of America Corp. shares in the first quarter before the lender halted its capital plan and sparked a 15 percent stock plunge.
London’s financiers paid tribute to former Prime Minister Margaret Thatcher, who died yesterday, as the woman who helped guide the city’s transformation from a provincial trading hub to the world’s top financial center.
Crispin Odey , whose Odey European Inc. hedge fund has gained about 8 percent this year, said the global economic recovery will drive stock prices higher this year, as long as central bankers don’t succumb to demands that they increase interest rates to fend off inflation.