London Firm Gives Quant Currency Fund A Second Chance

Mar 28 2008 | 8:07am ET

If at first you don’t succeed: Augustus Asset Managers is giving its quantitative currency hedge fund another shot after pulling the plug in November.

The London firm, which manages about US$1 billion in hedge funds, debuted the fund in July, just in time for it to be battered, along with other quant funds, by the summer’s market volatility. So the firm closed the fund and retooled its models, relaunching it on Feb. 1 for a “road-test” with seed money. The fund is not yet open to outside investors.

Augustus CEO Tim Haywood told Reuters that the new version of the fund is “working much better” than its predecessor.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...