Friday, 19 September 2014
Last updated 37 min 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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.