Caxton Associates has emerged as one of the most prominent hedge fund casualties of recent market volatility, with losses at its flagship strategy exceeding $1.3bn in March as geopolitical tensions in the Middle East caused a drop in global assets, according to a report by the Financial Times.
The report cites unnamed sources familiar with the matter as revelling that the firm’s $9bn macro fund, led by CEO Andrew Law, is down 15% month-to-date. Losses had already reached roughly 7% in the openin...
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