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Cantab closes hedge fund as EU rules curb commodity investing

Reuters – Cantab Capital Partners is to close a retail investor-friendly version of its flagship hedge fund because of new European guidelines regulating investment in commodities, underlining the growing difficulty firms face in trading metals, grains and oil.

Cantab, which manages $5.5 billion in assets, said it is closing its CCP Quantitative UCITS Fund at the end of June in response to guidelines from Europe’s financial watchdog that make it tougher for “UCITS” funds to invest in commodity indexes.

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