Kirk’s Cantab Hedge Fund Said to Drop 14% in June Selloff
This article is for subscribers only.
Cantab Capital Partners LLP, a hedge-fund firm partly owned by Goldman Sachs Group Inc., has lost 14 percent in its main fund this month as bonds and currencies fell, two people familiar with the performance said.
The $4.5 billion fund, based in Cambridge, England, dropped 19 percent for the year through June 21, said the people, who asked not to be named because the firm is private. Cantab, founded in 2006 by Ewan Kirk, a former Goldman Sachs partner, has been hurt in recent days as markets tumbled after Federal Reserve Chairman Ben S. Bernanke said on June 19 that the U.S. central bank may start reducing fixed-income purchases that have helped fuel a global rally in stocks and bonds.