Caxton Bets on Airline Merger

Chidem Kurdas

Will the savings from the proposed merger of US Airways with American Airlines be enough to significantly lift profits? New Caxton chief

Old Guard Exits Changing Industry

Chidem Kurdas

Caxton Associates’ founders Bruce Kovner and Peter D’Angel issued the latest in a series of retirement letters by well-known hedge fund managers. Exiting managers give different reasons for their decision, but in the main they’re tired of dealing with at least one of three temperamental forces—-

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Gold, Stock ETFs Notable in Portfolios

Paulson & Co.’s $4.4 billion holding in SPDR Gold Trust may be the single largest  investment in an exchange-traded fund. But many hedge funds as well as institutions hold a wide variety of ETFs either as a hedge or an inexpensive way of gaining from the rise of a chosen market.

Tudor, Caxton Like China

Chidem Kurdas

Big global macro funds stayed with China even as hedge fund people talked about a bubble in that country. Paul Tudor Jones’ Tudor Corp. and Bruce Kovner’s Caxton Associates held significant investments in Chinese companies as well as market indexes in the first quarter.