Hedge Funds

Hedge funds suffer early blow in banks rout

Turmoil leaves financial sector funds run by Lansdowne Partners, Marshall Wace and Toscafund nursing losses early in 2016

Bank stocks have been under a cloud in 2016
Bank stocks have been under a cloud in 2016 Photo: Getty Images

European hedge fund managers including Lansdowne Partners, Marshall Wace and Toscafund Asset Management are among the casualties of the 2016 carnage in financial sector stocks.

European financial stocks have declined far faster than the broader stock markets, falling more than 20% since the start of 2016 on the back of multiple concerns including the low interest rate environment, regulation and oil prices, as well as the gloomy wider economic picture.

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