Ocado revival lifts Lansdowne Partners Lansdowne's flagship $10bn (£6bn) hedge fund, which is run by Stuart Roden and Pete Davies, rose 33pc last year. Two other funds jumped 56pc and 46pc, contributing to a record year for the London investment house. The hedge fund has disclosed short positions in Tesco and Wm Morrison, which last week both revealed a drop in sales over Christmas. Ocado's success is vindication for Lansdowne, which built its stake while most other hedge funds were taking bets against Ocado. Lansdowne also backed American internet giants Google and Amazon last year, as well as airline stocks including British Airways" owner IAG and US carrier Delta Airlines. Lloyds Banking Group was another of Lansdowne's big winners, rising 64pc last year. The hedge fund is famous for its reading of financial stocks, making around £100m during the financial crisis after deciding Northern Rock was unstable. It was also an early investor in Royal Mail.