Current news for this fund:
Cornerstone Quantitative Investment Group - futures
Count of distinct funds: 2
We're retroactively adding this fund today (May 6th) as it was brought to our attentioned they closed shop back in March. TradingMarkets.com has more:
On the nature of Cornerstone:
Cornerstone was trading in a number of futures markets, including fixed-income currency, equity, and commodities like metals, energy, grains and livestock, according to published reports.
The article points out that Cornerstone was ailing at the same time most futures funds were doing well, yielding positive returns. You know what they say about trading onesself to a loss even in a rising market...
Which brings us to an ironic closing note:
Cornerstone's two principals, Dunsby and Eckstein, recently authored a book "Commodity Investing: Maximizing Returns Through Fundamental Analysis," which was released last month by Hoboken, N.J., publisher Wiley.
The aphorism "do as we say, not as we do" comes to mind.
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Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.