Wednesday, 20 August 2014
Last updated 9 hours 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."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the 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. Read more…
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 Editor's Note