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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of