Hedge Funds

Caxton drafts Kiernan as Tiprak leaves


Bruce Kovner's $10.5 billion hedge fund group, Caxton Associates, recently added to its portfolio management team by bringing aboard Sean Kiernan. Before joining Caxton, Kiernan was a long/short equity portfolio manager with Contadora Capital Management, which oversees the Cayman-domiciled fund Contadora Capital Offshore Ltd. Kiernan's arrival at the firm comes just weeks after Caxton appointed portfolio managers Abe and Jack Eisenstat from SAC Capital.

At about the same time that Kiernan joined, Caxton saw tech analyst Brad Tiprak leave. At the time of publication, it is unclear if a replacement for Tiprak has been chosen.