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Bruce Kovner’s Caxton Tops the Macro Parade

While Moore Capital retrenches, a fellow macro pioneer reaps a double-digit return.

Caxton Associates moved its headquarters from New York to London this year. (Chris Ratcliffe/Bloomberg)
Caxton Associates moved its headquarters from New York to London this year. (Chris Ratcliffe/Bloomberg)

Caxton Global Investments is the standout player in the macro world this year, gaining 16.89 percent through Nov. 12, according to HSBC’s weekly monitor of hedge fund performance.Founded by Bruce Kovner, Caxton was one of the pioneer macro players, along with Paul Tudor Jones of Tudor Investment Corp. and Louis

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