Wednesday, 22 October 2014
Last updated 13 hours ago
Aug 1 2013 | 11:35am ET
Caxton Associates will reopen its flagship hedge fund for the first time in years, hoping to raise at least $1 billion.
The $7 billion firm aims to take advantage of what it sees as a surfeit of opportunities, the Financial Times reports.
"Our enthusiasm stems from an identifiable change in the market environment in recent months," Caxton wrote. "The previous regime was characterized on the one hand by 'trendless' volatility in many parts of the capital markets and elsewhere by an incessant hunt for yield, both spurred on by repeated rounds of monetary easing and near-zero official interest rates."
"We believe that recent market developments are foreshadowing many opportunities in liquid markets over the coming months and years."
Caxton's global macro fund is up 17% this year after two disappointing years. According to the FT, the firm plans to add up to $1 billion in assets initially, and could remain open beyond that if enough opportunities remain, according to the FT.
Caxton is the first major macro fund to reopen to new investment in years. During a difficult 2011 and 2012, many such funds actually returned capital to investors, citing a dearth of opportunities.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...