Monday, 6 July 2015
Last updated 57 min ago
Sep 9 2013 | 12:51pm ET
Cantab Capital Partners' Ewan Kirk admits that he's "had better summers." But has he had any worse?
Kirk's flagship hedge fund, Aristarchus, has suffered through a punishing late spring and summer. The firm posted its worst-ever month in May, losing 8.4%, only to top that mark a month later, plummeting 14.2% in June. Further losses in July and August—of 4.3% and 6.8%, respectively, have left the US$4 billion hedge fund down 27.7% for the year, Financial News reports.
It is a big comedown for a firm used to posting double-digit gains, rather than losses. Aristarchus rose 12.8% in 2011 and 15.3% last year.
"This summer's performance would rank as an unusual event," Kirk told investors. "We continue to invest in research to improve returns."
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…