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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note