Hedge Funds

Brothers hired by Caxton from SAC


Caxton Associates, the $10.5 billion hedge fund group headed by Bruce Kovner, is understood to have lured Abe and Jack Eisenstat from SAC Capital, the Stamford-based trading operation. The two brothers, who worked for Steve Cohen's firm for a number of years, are thought to be trading a portfolio of foreign equities at Caxton with some suggestions that they have been given as much as $200-$300 million to run.