Caxton’s Law
February 01, 2012
Following the recent retirement of its legendary founder, Bruce Kovner, Caxton Associates is embarking on a new era under Andrew Law, his handpicked successor.
By Stephen Taub
Last spring, Caxton Associates CIO Andrew Law was frustrated. Although the outlook for growth seemed okay, several exogenous shocks had hit the global economy: the rash of tornadoes in the U.S., the devastating earthquake in Japan and subsequent nuclear accident, not to mention the simmering European debt crisis and the debate in Washington over the U.S. debt ceiling. “Most people felt they were temporary growth shocks,” recalls Law, 45, who on...
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