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Caxton
Associates did not erect gates freezing investor capital in their Caxton Global Investments fund. As reported the fund saw client redemptions totalling 27% of assets under management through 2008–2009—while returning 13% for the year. The redemptions were reportedly born out of cash strapped
212:
In 2008, Bruce Kovner stepped back from trading and appointed Andrew Law as Caxton’s Chief
Investment Officer. In 2011, Law was appointed as the Chairman, CEO and controlling general partner of Caxton Associates, following the retirement of Kovner. Law joined the London office in 2003 from Goldman
197:
In 2003 concern at Caxton
Associates around the potential future impact on their historical rate of return due to their fund's size resulted in 20 percent of investors' capital being returned. Assets under management post 20% were $ 9.5 billion.
489:
29:
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Caxton
Associates is a global macro hedge fund and has made more than $ 13bn for its clients - according to LCH Investments - this is roughly 14 per cent annually, with half the volatility of the S&P 500.
224:
In 2010 it was reported that since 1983 Caxton
Associates had returned $ 12.8 billion to clients whilst managing $ 6 billion; ranking second amongst managers who have returned more than they currently manage.
171:
as Chief
Investment Officer. In 2011, Law was appointed as the Chairman, CEO and controlling general partner of Caxton Associates, following the retirement of Kovner. The firm manages $ 12 billion in assets.
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156:, and also has offices in New York, Singapore, Monaco and Dubai. Caxton Associates identifies investments according to their research of global markets and analysis of worldwide
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in
October 2013, Caxton has “three core principles”: “One is listen to the markets, a second one is politics and policy matters and the third one is risk control.”
221:
clients many of whose asset allocations were gated and frozen at other investment management companies: two years later the firm had fallen from No. 16 to No. 51.
191:
In 1992, Caxton closed its fund to new investors. The fund then opened and closed intermittently, and most recently reopened to new investors in August 2013.
1220:
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announced that it had completed its spin-off from Caxton
Associates. Caxton-Iseman Capital will change its name to CI Capital Partners LLC.
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It was reported that at the end of the 1990s Caxton Global
Investments volatility fell substantially along with the funds returns.
417:
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The firm's flagship fund was reported in August 2011 to account for $ 7 billion of Caxton
Associates assets under management.
801:
743:
228:
In 2020, Caxton announced they were shutting their main hedge fund to new money after it made a record 40% gain during the
597:
519:
446:
582:
Taub, Stephen (April 2009). "The Hedge Fund 100: Our Rankings of the World's Biggest Single Manager Firms".
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244:, Singapore, Monaco and Dubai. In July 2019 it was reported its London office was now its headquarters.
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188:(now part of Goldman Sachs International), before embarking on his own with the founding of Caxton.
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Thomasson, Lynn (February 22, 2010). "Bacon Bullish on Oil, Tepper on Airlines Signal Gains".
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Sachs, where he was Managing Director and head of FICC proprietary trading in London.
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Zuckerman, Gregory (August 11, 2011). "As Stocks Slide, Investors Scramble".
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Caxton Associates went through a major generational transition in 2008 when
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418:"Caxton's Bruce Kovner to Step Down After 28 Years With Law to Become CEO"
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Caxton was founded in 1983 by Bruce Kovner. Kovner trained under
241:
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Outspoken hedge fund boss who made the journey from city to city
656:"Caxton to shut main hedge fund to new money after record year"
559:
Caxton-Iseman Capital Announces Spin-Off From Caxton Associates
153:
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372:"Hedge fund Caxton moves headquarters from New York to London"
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683:
472:
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126:
544:
Taub, Stephen (July 2004). "The Bucks Stop Here Alpha".
205:, a joint investment partnership Caxton Associates and
447:"Quiet Caxton Chief Refuses to Shout About $ 1bn Gain"
407:
598:"Soros, Paulson Post Biggest Returns Since Inception"
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Caxton Associates' offices are in New York, London's
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Financial services companies based in New York City
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256:According to an interview with Andrew Law in the
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520:"Caxton reopens hedge fund to new investors"
1221:Alternative investment management companies
1198:Standards Board for Alternative Investments
628:"Hedge Funds: Who Is The Best Of The Best?"
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1102:Taxation of private equity and hedge funds
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152:. The firm's headquarters are located in
653:Fletcher, Laurence (December 10, 2020).
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343:"Hedge fund stars shine above the crowd"
341:Mackintosh, James (September 10, 2010).
167:stepped back from trading and appointed
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802:fixed-income relative-value investing
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1287:1983 establishments in New York City
604:. September 13, 2010. Archived from
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370:Fletcher, Laurence (July 25, 2019).
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684:"Caxton | Global Macro Hedge Fund"
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717:Major Caxton Associates Holdings
310:"CB Insights: Caxton Associates"
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1:
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1076:security characteristic line
490:"Bruce Kovner on Forbes 400"
7:
1064:Capital asset pricing model
783:Capital structure arbitrage
10:
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866:Commodity trading advisors
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1203:Managed Funds Association
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1147:High-net-worth individual
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1040:Arbitrage pricing theory
1152:Institutional investors
1045:Assets under management
870:managed futures account
186:Commodities Corporation
18:London-based hedge fund
1177:Sovereign wealth funds
949:High-frequency trading
798:Fixed income arbitrage
632:Institutional Investor
201:On December 21, 2007,
1019:Structured securities
835:Distressed securities
807:Statistical arbitrage
793:Equity market neutral
788:Convertible arbitrage
564:June 2, 2008, at the
218:2008 financial crisis
203:Caxton-Iseman Capital
40:Investment management
1137:Financial endowments
1082:Fundamental analysis
830:Shareholder activism
812:Volatility arbitrage
230:coronavirus pandemic
108:$ 12 billion (2021)
88:(CEO & Chairman)
1251:List of hedge funds
1241:Hedge fund managers
1157:Insurance companies
1142:Fund of hedge funds
1050:Black–Scholes model
964:Proprietary trading
939:Algorithmic trading
906:Fund of hedge funds
473:"Caxton Associates"
401:Wall Street Journal
291:The Daily Telegraph
264:Investment vehicles
114:Number of employees
23:
1107:Technical analysis
608:on October 2, 2011
500:on August 28, 2002
453:. October 20, 2013
21:
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885:Long/short equity
861:Convergence trade
845:Special situation
522:. Financial Times
135:Caxton Associates
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22:Caxton Associates
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496:. Archived from
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688:www.caxton.com
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634:. May 25, 2011
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1004:Fixed income
880:Global macro
822:Event-driven
691:. Retrieved
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610:. Retrieved
606:the original
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526:February 12,
524:. Retrieved
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498:the original
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457:February 13,
455:. Retrieved
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424:February 14,
422:. Retrieved
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165:Bruce Kovner
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146:Bruce Kovner
139:global macro
134:
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54:Headquarters
15:
1272:Hedge funds
1231:Hedge funds
994:Derivatives
989:Commodities
944:Day trading
854:Directional
753:Hedge funds
248:Investments
216:During the
148:in 1983 in
144:founded by
97:Hedge funds
71:Area served
1266:Categories
1186:Governance
760:Investment
668:January 4,
638:August 13,
612:August 13,
494:www.forbes
352:August 13,
272:References
169:Andrew Law
142:hedge fund
118:350 (2021)
86:Andrew Law
81:Key people
1120:Investors
770:Arbitrage
693:March 20,
504:April 22,
325:Bloomberg
75:Worldwide
762:strategy
712:homepage
562:Archived
381:July 28,
93:Products
36:Industry
982:Markets
973:Related
932:Trading
236:Company
176:History
123:Website
46:Founded
1054:Greeks
999:Equity
154:London
63:London
1097:Short
1087:Hedge
1068:alpha
975:terms
899:Other
546:Alpha
137:is a
1072:beta
1028:Misc
695:2024
670:2021
640:2011
614:2011
528:2014
506:2010
459:2014
426:2014
383:2019
354:2011
49:1983
184:at
104:AUM
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
