Tuesday, 28 April 2015
Last updated 2 hours 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…