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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • ajetjock ajetjock Jun 30, 2014 10:59 AM Flag

    Caxton...

    From Wiki:

    Fr history: 2008 Financial Crisis
    During the 2008 financial crisis Caxton Associates did not erect gates freezing investor capital in their Caxton Global Investments fund.[11] As reported the fund saw client redemptions totalling 27% of assets under management through 2008–2009—while returning 13% for the year.[11] The redemptions were reportedly born out of cash strapped clients many of whose asset allocations were gated and frozen at other investment management companies Caxton Associates is a global macro hedge fund founded by Bruce Kovner in 1983 and is headquartered in New York City.[1][3] The firm also has offices in London, Sydney, and Princeton, New Jersey. As a global macro hedge fund, Caxton Associates identifies investments according to their research of global markets and analysis of worldwide economic trends ...In 2008, Bruce Kovner stepped back from trading and appointed Andrew Law as Caxton’s Chief Investment Officer. In 2011, Law was appointed as the Chairman, CEO and controlling general partner of Caxton Associates, following the retirement of Kovner.[5] Law joined the London office in 2003 from Goldman Sachs, where he was Managing Director and head of FICC proprietary trading in London.[6]

    2008 Financial Crisis
    During the 2008 financial crisis Caxton Associates did not erect gates freezing investor capital in their Caxton Global Investments fund.[11] As reported the fund saw client redemptions totalling 27% of assets under management through 2008–2009—while returning 13% for the year.[11] The redemptions were reportedly born out of cash strapped clients many of whose asset allocations were gated and frozen at other investment management companies... In 2010 it was reported that since 1983 Caxton Associates had returned $12.8 billion to clients whilst managing $6 billion; ranking second amongst managers who have returned more than they currently manage.

    Sentiment: Strong Buy

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2.27-0.02(-0.87%)May 22 4:00 PMEDT