Caxton To Reopen, Trumpets 'Recent Market Developments'

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.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.