Lansdowne Partners Predicting Big Disruption Bets $500 Million Against Volkswagen

We mentioned in a previous update on the Lansdowne Developed Markets Fund that it had a new short position in an automotive company. Now we know which company the fund was talking about. Lansdowne Partners initiated a short position in German automaker Volkswagen in early February. And this is no small bet: Lansdowne is betting half a billion dollars that Volkswagen shares will fall.

Also see Hedge Fund Letters To Investors - A Compilation Of Top Funds

Volkswagen shares down 40% in 12 months

According to data from Bundesanzeiger or the Federal Gazette of Germany, Lansdowne Partners declared a 0.5% short position in the automobile company on February 2 and then progressively increased...