News, Events and Awards
Recent news and media articles can be found here, as well as details on Awards and Events we have attended.
Cantab Capital Partners announces its acquisition by GAM29 June 2016
- Investment team to operate independently and retain its base in Cambridge, while benefitting from GAM’s global distribution capabilities.- Cantab’s systematic investment platform to form cornerstone proposition for new GAM Systematic offering.
Cantab Capital Partners LLP (“Cantab”), one of the world’s leading systematic investment managers, based in Cambridge, UK, today announces that it is to be acquired by GAM, a leading global asset management firm listed on the SIX Swiss Stock Exchange. GAM is an independent group, focused on active investing, with assets under management of approximately USD 120 billion.
The transaction will see the creation of a new capability called GAM Systematic, of which Cantab’s systematic investment platform will form the cornerstone. The acquisition is expected to close in the second half of 2016, pending regulatory approvals.
Cantab was founded in 2006 and employs a systematic, multi-strategy, multi-asset approach. The firm manages assets of approximately USD4 billion* for a diversified client base that includes some of the world’s largest and most sophisticated investors. The firm’s two programmes, the CCP Quantitative and the CCP Core Macro, are founded upon an established and consistent investment research approach, state-of-the-art, robust risk systems and cutting-edge execution infrastructure, which have been developed and rigorously tested by Cantab’s scientists. The operation and running of these investment products and existing funds will not be affected by the transaction.
Cantab’s focus on combining science with cutting-edge technology, together with the firm’s distinctive research culture, will form the backbone of the new GAM Systematic offering.
Cantab’s investment team, led by Dr Ewan Kirk, Cantab’s founder and Chief Investment Officer, is based in Cambridge, and will remain so. The Cambridge location has allowed the firm to nurture a strong relationship with the University of Cambridge and draw upon the exceptional talent pool residing within the city.
Cantab’s partners will be retaining current investments and re-investing the majority of net proceeds from the transaction into Cantab funds on a multi-year basis, in addition to signing multi-year employment contracts.
Following the transaction, Cantab will benefit from full access to GAM’s robust business and operational infrastructure, as well as its global distribution channels. This will augment Cantab’s current capabilities and enable Cantab’s scientists to remain exclusively focused on research and development, while ensuring the delivery of world-class systematic investment products.
Dr Ewan Kirk commented: “We are excited to be embarking on a new phase in the ongoing development of Cantab. GAM is a world-class asset manager with strong global distribution and both our clients and the firm will benefit from this transaction. For the partners and employees of Cantab, the key component of this transaction is that GAM is fully supportive of our desire to retain our unique culture and our proximity to the intellectual, technology and innovation hub of Cambridge. We believe these factors are integral to ensuring that we have a strong platform from which to focus on our strengths.
“This transaction will allow us to leverage our outstanding infrastructure and quantitative techniques to create a suite of systematic products and solutions for clients, while still retaining our focus on our existing core products.”
Alexander Friedman, GAM’s Group Chief Executive Officer, said: “Cantab is the perfect partner to enable our move into the growing systematic space. Their focus on combining science with cutting-edge technology, together with the firm’s distinctive research culture, makes them the ideal cornerstone of the GAM Systematic offering. This is an excellent cultural fit, and both firms share a commitment to independent investment thinking.”
Notes to editors
*As at 31st May 2016
For further information please contact:
Andrew Honnor, Georgiana Brunner or Rob White
+44 (0)20 7952 2000
Cantab Investor Relations:
Dr Genia Diamond
+44 (0)1223 755 788
London: +44 (0) 207 393 86 56
Zurich: +41 (0) 58 426 62 41 or +41 (0) 58 426 62 65
Zurich: +41 (0) 58 426 31 36
About Cantab Capital Partners LLP
Cantab Capital Partners LLP is a multi-billion dollar investment manager based in Cambridge, UK.
The firm employs a rigorous, systematic, multi-strategy, multi-asset approach, often referred to as systematic macro. Cantab manages assets for some of the most sophisticated institutional investors worldwide including large pension funds, sovereign wealth funds, endowments and foundations.
Cantab was founded in 2006 by Dr. Ewan Kirk. Cantab manages two programmes, the CCP Quantitative and the CCP Core Macro. The cornerstone of Cantab’s investment philosophy is the marriage of science with cutting-edge technology, high levels of transparency and robust risk systems.
The majority of Cantab’s team are dedicated to investment and technology research and combine a diverse skill set. Most come from academic backgrounds having excelled at statistics, mathematics, physics, computer science or other quantitative disciplines, with the common denominators being academic excellence and collegial spirit.
In 2015, Cantab provided a £5 million philanthropic donation to support the establishment of the Cantab Capital Institute for the Mathematics of Information, which sits within the University of Cambridge’s renowned Faculty of Mathematics. The new institute draws on fundamental techniques from mathematical sciences to tackle the challenge of deciphering meaning in the reams of data which surround us.
GAM is one of the world’s leading independent, pure-play asset managers. It provides active investment solutions and products for institutions, financial intermediaries and private investors, under two brands: GAM and Julius Baer Funds. The core investment business is complemented by private labelling services, which include management company and other support services to third-party institutions. GAM employs over 1,000 people in 11 countries with investment centres in London, Zurich, Hong Kong, New York, Lugano and Milan. The investment managers are supported by an extensive global distribution network.
Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange and is a component of the Swiss Market Index Mid (SMIM) with the symbol ‘GAM’. The Group has assets under management of CHF 114.7 billion (USD 119.8 billion)**.
** Source: GAM. Data as at 31 March 2016.
Cantab Capital Institute for the Mathematics of Information4 November 2015
The University of Cambridge and Cantab Capital Partners LLP are launching a new institute which is set to push the boundaries of information science.Established through philanthropic support of £5m from Cantab Capital Partners, a multi-billion dollar systematic investment manager based in Cambridge, the Cantab Capital Institute for the Mathematics of Information will sit within the University’s renowned Faculty of Mathematics.
The new institute will draw on fundamental techniques from mathematical sciences to tackle head on the challenge of deciphering meaning in the reams of data which surround us. Bringing together some of the world’s leading academics in various related disciplines to advance understanding on multiple fronts, the Institute will ultimately help ensure all available information is used when, for example, doctors make clinical diagnoses, financial institutions make sensible evaluations of risk, or planners build the cities of the future.
The University of Cambridge has been at the forefront of the study of mathematics and its benefits to society for many centuries. Today Cambridge stands as a world leader in mathematics and its applications across government, education, health, science, business and finance, and in particular in the development of advanced techniques for data gathering and information extraction.
Dr Ewan Kirk, CIO of Cantab Capital Partners, said:
“Mathematics is the foundation of all sciences and, in the 21st Century, information and data plays an increasingly vital role in a diverse range of fields. Now more than ever, using mathematical and statistical techniques to understand vast information sets can have a huge impact on our daily lives. Cantab is immensely proud to be supporting the research which will be at the forefront of this information revolution. The Institute aims to galvanise and accelerate progress in the mathematics of information and become a centre of excellence for innovative research both in the UK and internationally.”
Professor Nigel Peake, Head of the University’s Department of Applied Mathematics and Theoretical Physics, said:
“Many institutions currently working in this space focus their efforts on incremental advances on what is now a well-established discipline of financial mathematics. At Cambridge, we are looking to build on the world-leading expertise available to us to develop a broader and more enduring approach, reflecting the very latest insights into the mathematics of information. We are naturally delighted that Cantab has provided us with such a substantial donation, enabling us to turn this vision into a reality.”
Cantab appoints Adam Glinsman as Managing Partner5 August 2013
Cantab Capital, the multi-billion systematic global macro manager has hired Adam Glinsman for the newly created position of Managing Partner.Glinsman will formally take up the role at the start of September. He brings 25 years experience across the investment and capital markets industries. After a prior career in institutional equities, between 2003 and 2009 Adam was COO and Partner of Lansdowne Partners, one of the leading fundamental long/short equity firms, where he was a member of the Management Committee, with primary responsibility for Business Management and Development, and Enterprise Risk. After retiring from Lansdowne in 2009, amongst other initiatives Adam remained a consultant to the flagship Lansdowne Developed Markets Funds, as well as to Cambridge University in the evolution of its internal IP commercialisation strategy.
Cantab Announces New Partners8 April 2013
Cantab, the systematic investment manager has announced that Dr Matthew Killeya (Senior Scientist) and Dr. Genia Diamond (Head of Business Development), have been named partners in the firm.The announcement is in recognition of Dr. Killeya’s and Dr.Diamond’s contribution to Cantab’s business success and growth.
Genia has lead the Investor Relations team that has overseen Cantab’s assets increase fivefold to USD 5.3 billion since 2011.
Matthew’s primary focus is on investment strategy development, having contributed strategies in all three of the clusters within the portfolio (momentum, value and short term).
Commenting on the move, Dr. Ewan Kirk said: “Our investors know that we take both our investment models and investor relations immensely seriously. Both Genia and Matthew have contributed significantly to these respective functions, as well as the overall development of Cantab. As a result we are truly pleased they have accepted our offer to join the partnership”.
Cantab launches new fund23 January 2013
Cantab is launching a new fund: the CCP Core Macro Fund.This launch is an important milestone for both Cantab and the systematic global macro space. The CCP Core Macro Fund is designed to give investors access to a diversified stream of macro-style returns at a fraction of standard industry fees, as well as offer daily liquidity. It is expected to show negligible correlation to traditional sources of risk (equity and fixed income) and limited correlation to trend following strategies.
The new Fund is a natural extension of Cantab’s investment philosophy, tested risk management and portfolio construction process and its renowned trading and execution infrastructure. The CCP Core Macro Fund is based on a multi-model, multi-asset approach using the ensemble of risk management tools developed by Cantab’s team of scientists over the last six years.
Dr Ewan Kirk, Founding Partner and Chief Investment Officer, stated: "We are truly excited about this launch. We feel it gives investors access to much sought after macro style returns in a very cost effective format. We have seen more and more institutions investing in systematic macro as it is perhaps the only liquid investment style that exhibits negligible correlation to equity and bond markets over time. We are especially pleased we can address the specific needs of many institutional investors by offering this daily liquidity product at an exceptionally low cost. Our ability to offer a product like Core Macro to the market is a testament to our ability to leverage our investment in research, development and technology."
Cantab closes flagship strategy to new investors1 November 2012
Cantab has closed its flagship CCP Quantitative strategy to new investors. The strategy was launched in 2007; it currently manages USD 4.5 billion in assets.The strategy was closed because it has grown to optimal capacity, according to Dr Ewan Kirk, CIO and founding partner of Cantab. ‘The strategy is currently at the optimal size for us to continue delivering attractive risk adjusted returns to our investors,’ he said. ‘Our efforts are focused on sustaining the performance and continuing to produce the returns with limited correlation to other CTAs and asset classes.'
Based in Cambridge, England, the home of Cambridge University, Cantab prides itself on its ties to academia, applying the brainpower in its midst to systematic investing.
The CCP Quantitative Fund was launched nearly 6 years ago with just USD 30 million in AuM. The strong growth of the firm is due to Cantab’s high-quality team, world class technology, robust high-performance models, state-of-the-art risk management, and high levels of liquidity and transparency.
Dr. Kirk added: "We are extremely pleased with the continued support from our investors which, combined with the hard work and dedication of our team, has allowed us to reach this point."