Hedge Funds

Caxton Associates targets opportunities in healthcare

by

Caxton Associates is getting into the health sector fund space with the launch of a healthcare hedge fund as well as two private equity funds. The firm recently established Caxton Healthcare Holdings and plans to launch a long/short equity fund. Caxton managing director and portfolio manager Ken Rader will manage Caxton Healthcare Trading.

Caxton already trades healthcare stocks through its flagship hedge fund, Caxton Global Investments, but this is the first time that the firm has initiated plans to set up a separate entity specializing in a particular industry sector. In a letter to investors, Bruce Kovner cited