Cantab Gives Staff Legos To Boost Morale

Nov 8 2013 | 10:59am ET

Cantab Capital Partners is living up to its reputation for quirkiness.

The quantitative hedge fund, which, like many such firms, is in the midst of its worst-ever year, took an unusual approach to build morale: by literally giving its staff something to build.

Cantab spent £2,000 on Legos in an effort to cheer its employees, the Financial Times reports. The effort was apparently fueled by long faces at a firm used to posting double-digit returns, but that was down nearly 30% through August.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…