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Lansdowne Rides Big Airline Bet to Top Europe Hedge Fund List

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On Oct. 11, the U.K. government sold a majority stake in Royal Mail Plc, the British postal service, in an initial public offering. Interest from both retail and institutional investors was strong. When the trading frenzy died down, two names emerged with large positions: Lansdowne Partners Ltd. and The Children’s Investment Fund Management UK LLP.

Royal Mail was a good investment for the two London-based hedge-fund managers, as shares soared 38 percent on the first day of trading and were up 70 percent as of Jan. 9.