Saturday, 4 July 2015
Last updated 1 day ago
Jun 25 2013 | 11:13am ET
Far from bouncing back after its worst month ever in May, Cantab Capital Partners appears poised to break the dubious record in June.
The Cambridge, U.K.-based quantitative firm lost 14% through the middle of last week, Bloomberg News reports. The $4.5 billion fund is now down 19% year-to-date, burned most recently by Federal Reserve Chairman Ben Bernanke's statement last week that the U.S. central bank could begin tapering its bond-buying program.
Cantab suffered its worst-ever month in May, losing 8.37%. The firm returned 15% last year and 13% in 2011.
"It's unusual for one to see a selloff in risk assets and a selloff in bonds at the same time," Cantab founder Ewan Kirk told Bloomberg News. "Being a systematic fund, we had quite significant exposure to bonds and currencies."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…