History
Kovner trained under Michael Marcus at Commodities Corporation (now part of Goldman Sachs International), before embarking on his own with the founding of Caxton.
In 1992, Caxton closed its fund to new investors.
It was reported that at the end of the 1990s Caxton Global Investments volatility fell substantially along with the funds returns.
In 2003 concern at Caxton Associates around a potential future impact on their historical rate of return due to their funds size resulted in 20 percent of investors' capital being returned. Assets under management post 20% were $9.5 billion.
On December 21, 2007, Caxton-Iseman Capital, a joint investment partnership Caxton Associates and Frederick Iseman announced that it had completed its spin-off from Caxton Associates. Caxton-Iseman Capital will change its name to CI Capital Partners LLC.
Read more about this topic: Caxton Associates
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