[6] Caxton Associates went through a major generational transition in 2008 when Bruce Kovner stepped back from trading and appointed Andrew Law as Chief Investment Officer.

[9] Kovner trained under Michael Marcus at Commodities Corporation (now part of Goldman Sachs International), before embarking on his own with the founding of Caxton.

[13] In 2008, Bruce Kovner stepped back from trading and appointed Andrew Law as Caxton’s Chief Investment Officer.

[14] The redemptions were reportedly born out of cash strapped clients many of whose asset allocations were gated and frozen at other investment management companies: two years later the firm had fallen from No.

[15][16] In 2020, Caxton announced they were shutting their main hedge fund to new money after it made a record 40% gain during the coronavirus pandemic.

[5] 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.