Thursday, 18 September 2014
Last updated 29 min ago
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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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