Cornerstone Quantitative Investment Group - futures

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:

According to Barclay Hedge, Cornerstone's International Value Fund, a quantitative global macro approach that launched in 1997, lost 15.2 percent last year, at which time assets totaled about $250 million. In January, the fund lost 8.18 percent, leaving it with about $183 million in assets.

Cornerstone's Real Commodity Analysis Programme, which made global macro trades in different commodities, lost 17.22 percent last year, though it did return 2.86 percent in January leaving it with $10 million in assets, according to Barclay.

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.