Wed, Mar 21, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cantab Capital Partners closes UCITS fund

Tuesday, May 07, 2013
Opalesque Industry Update - Cantab Capital Partners, the systematic global macro manager has announced that it is closing its CCP Quantitative UCITS Fund on 30th June 2013.

Since inception the fund has delivered positive returns in line with expectations, succeeding in minimising tracking errors against the Cayman version of the CCP Quantitative Fund. However, following new UCITS guidelines it will no longer be possible to implement strategies that trade commodities within a UCITS wrapper.

Existing investors will be offered the chance to transfer, cost free, into either the original CCP Quantitative Fund, which the UCITS fund tracks and which was closed to external investors in November 2012. Alternatively, they will be given the option to transfer into the new CCP Core Macro Fund – that offers lower fees and daily liquidity.

Dr. Ewan Kirk said: “We do not believe in restricting our products or trying to circumvent rules. As a result we are saddened to close our CCP Quantitative UCITS fund, but are committed to ensuring our investors do not lose out as a result.”

Press release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  3. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  4. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  5. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu