Kovner To Retire From Caxton

Sep 13 2011 | 12:07pm ET

Caxton Associates' co-founders will retire at the end of the year, handing the reins of the firm over to its chief investment officer.

Bruce Kovner, the hedge fund's chairman and CEO, and Peter D'Angelo, its president, will remain investors and owners of "substantial minority stakes" in Caxton. Andrew Law will become chairman and CEO on Jan. 1, Caxton, which has about $10 billion in assets under management, told investors in a letter today.


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