Tags: Cantab Capital, Ewan Kirk, hedge fund losses, nasty sunburns, unusual events
Cantab Capital Partners’ Ewan Kirk has not enjoyed the dog days.
Aristarchus performed well in 2011, with returns of 12.8%, and again in 2012, with 15.3%. But in the eight months to August 31, it has lost 27.7%, following declines of 8.4% in May, 14.2% in June, 4.3% in July and 6.8% in August, investors said.
Cantab chief investment officer Ewan Kirk, former head of Goldman Sachs Strategies Group in Europe who set up the firm in 2006 with ex-Goldman technology chief Erich Schlaikjer, said: “I’ve had better summers….”
Kirk said: “This summer’s performance would rank as an unusual event. We continue to invest in research to improve returns.” He said Aristarchus had a volatility target of 20%, twice as high as some of its peers. Cantab’s Mersenne macro fund, which targets 10% volatility, has lost 7% this year.
Planets fail to align as Cantab fund plunges [FN]