Lansdowne Partners' latest short bet is against the largest German builder, HOCHTIEF AG (ETR:HOT) (FRA:HOT) and as Lansdowne's charm usually works, shares are down over 8.6 percent since the position was disclosed on June 5. HOCHTIEF AG (ETR:HOT) (FRA:HOT) was recently downgraded by Berenberg Bank AG from Buy to Hold. The builder faces slowing business due to a slowdown in Australian construction and mining.
Take a look at Lansdowne's $3 billion European short equity portfolio (no typo there)!
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