Cantab Pummeled In Early December

Dec 17 2013 | 12:09pm ET

Cantab Capital Partners' modest comeback effort has been derailed in the first two weeks of December.

The Cambridge, U.K.-based quantitative fund had cut its year-to-date losses—which stood at 27.7% at the end of August—to 22.74% by the end of November. But over the past two weeks, the $3.4 billion fund has plummeted a further 8.35%, Financial News reports.

Cantab, like many managed futures funds, has been hit hard in 2013, which is shaping up to be the US$4.2 billion firm's worst ever.

"For managed futures strategies, the magnitude of the ups and downs tends to be much larger" than equities, firm found Ewan Kirk told FN. "It's generally a more volatile strategy."

"Sophisticated investors buy managed futures for the lack of correlation with traditional equities," which are up this year about as much as Cantab is down. "You can't be uncorrelated to equities without sometimes underperforming them."


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note