Lansdowne Hedge Fund Boosts Bet Against Air-Bag Maker Takata
- Takata CEO and family-run firm own about 60% of company
- Takata's air bags are behind biggest U.S. safety recall
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Lansdowne Partners stepped up bets against Takata Corp., speculating that the share price will fall as the Japanese air-bag supplier at the center of a global safety crisis prepares to present its restructuring plan.
Lansdowne, one of Europe’s largest hedge funds, increased its short position on Takata to 2.25 percent as of Feb. 25 from 1.98 percent, according to a filing published on the Japan Exchange Group. Takata Chief Executive Officer Shigehisa Takada, grandson of the founder, and a family-run investment firm own about 60 percent of the company.