Friday, 28 October 2016
Last updated 14 hours 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."