Thursday, 21 August 2014
Last updated 2 hours ago
May 7 2013 | 11:30am ET
Changes to UCITS guidelines have made it impossible to trade commodities in that wrapper, says Cantab Capital Partners, which is closing the UCITS version of its flagship quant fund.
The CCP Quantitative UCITS fund closed with over $320 million in assets under management. Cantab says the fund has performed “in line with expectations, posting attractive returns with a minimal tracking record to the original CCP Quantitative Fund.”
Ewan Kirk, chief investment officer and founding partner of Cantab, said in a statement announcing the closure: “We do not believe in restricting our products or trying to circumvent rules. As a result we are saddened to close our CCP Quantitative UCITS fund, but are committed to ensuring our investors do not lose out as a result.”
Existing investors can transfer, free of charge, into either the original CCP Quantitative Fund, which was closed to external investors in November 2012, or into Cantab's new CCP Core Macro Fund, which offers lower fees and daily liquidity.
Cantab Capital Partners is a Cambridge, UK-based systematic global macro manager with about $5.5 billion in assets under management. The investor base is 60% institutional, 35% fund of funds, and 5% family offices/high net worth individuals.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note