Billion Dollar Club

Caxton hits the top of 100 funds survey


The big funds are getting bigger, with the exception of some leading equity funds which are shrinking

Bruce Kovner's Caxton Associates has emerged as the biggest hedge fund in the world after an impressive period of performance and continued asset inflows. Over the past 12 months, the New York-based firm saw its assets surge by $3 billion taking its total to over $10.5 billion.

Andor Capital Manage-ment, based in Greenwich, moved into second place with assets of $9 billion after taking in $1.5 billion over the past 12 months, a particularly impressive feat given that it was achieved in the