Hedge Funds

Caxton forms strategic partnership with Optimation


Bruce Kovner's Caxton Associates recently formed a strategic partnership with Optimation Investment Management that will channel a substantial amount of capital from Caxton to the Virginia-based specialist in quantitative trading of futures and forex markets.

The amount of money that Optimation will run for Caxton was not disclosed, but the parternship is expected to be a prolific one.

"This is an ideal agreement for Optimation, allowing us to focus on trading and research, while paving the way for joint product launches in due time," said Peter F. Mathews, founder of Optimation.

Prior to founding Optimation in late 2003, Mathews