The Tale of Two Lansdownes

The London-based firm’s funds fared so differently in 2020.

London, United Kingdom. (Hollie Adams/Bloomberg)

London, United Kingdom.

(Hollie Adams/Bloomberg)

Two major Lansdowne Partners funds that were deep in the red for most of the year posted huge gains in the fourth quarter, paving the way for one of them to miraculously finish the year in the black.

The Lansdowne Developed Markets Long Only Fund was up more than 34 percent in the fourth quarter, including nearly 10 percent in December alone, enabling its Class A shares to finish the year up about 3.5

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