Bloomberg – Bruce Kovner, the billionaire co- founder of Caxton Associates LP, is retiring from the $10 billion hedge fund, ending a three-decade run during which he traded everything from soybeans to Japanese yen futures and returned twice as much as the Standard & Poor’s 500 Index.
Andrew Law, chief investment officer, will take over from Kovner as chairman and chief executive officer on Jan. 1, the New York-based firm said today in a letter to investors. Peter D’Angelo, 64, Caxton’s president and co-founder, will retire.
