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Tuesday, September 13, 2011

Bruce Kovner of Caxton steps down - letter to investors

Today Bruce Kovner of Caxton announced that he is stepping down and handing over the reigns of Caxton to his CIO Andrew Law. Under Bruce's watch Caxton has earned an IRR of about 21% over the past 28 years (impressive to say the least).

Below find the announcement letter:

Bruce Kovner's letter to investors

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