Fed Fears Fuel Cantab Plunge

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."


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.