Bruce Kovner's Hedge Fund Starts New Veeco Instruments Stake

| About: Veeco Instruments (VECO)

Bruce Kovner's global macro hedge fund Caxton Associates recently filed a 13G with the SEC regarding shares of Veeco Instruments (NASDAQ:VECO). Due to portfolio activity on September 28th, 2010, Caxton Associates has disclosed a 5.3% ownership stake in VECO with 2,168,800 shares. This is a brand new position for the hedge fund as they did not own it as of June 3oth. Kovner of course has graced the pages of Forbes' billionaire list due to his success as a hedge fund manager.

Taken from Google Finance:

Veeco Instruments is designs, manufactures, markets and services enabling solutions for customers in the high brightness light emitting diode (HB LED), solar, data storage, scientific research, semiconductor and industrial markets.

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Disclosure: No position