Cantab Crushed: Down 28% Through August

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."


In Depth

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note