Lansdowne and Patrick Degorce partner to launch Theleme Hedge Fund

July 16th, 2009
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Lansdowne Partners, a London-based hedge fund manager, is teaming up with co-founder of Children’s Investment fund (TCI), Patrick Degorce. According to the Times online, Degorce will be launching a global equities fund under Lansdowne which will function independently. Degorce is planning on raising $1.5b (£925m) for the fund which is to be named Theleme.

Degorce worked with both Peter Davies and Stuart Roden, co-managers of Lansdowne’s flagship fund at Merril Lynch and as one industry analyst noted, is “one of the most intelligent managers around.” Degorce’s fund, which is planning on charging incentive fees based on performance rather than annually, will launch sometime in the fall.
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For Detailed Investor Profiles on these Investors, click below:
Lansdowne Partners
Related People: Paul Ruddock*; Peter Davies ; Steve Heinz*
Related Entities: Lansdowne European Equity Fund; Lansdowne European Long Only Fund; Lansdowne European Strategic Equity Fund; Lansdowne Global Financials Fund; Lansdowne UK Equity Fund; Morgan Stanley; Theleme Partners
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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