Hedge fund giant Bruce Kovner is retiring from Caxton Associates and turning the reigns over to...

|By:, SA News Editor

Hedge fund giant Bruce Kovner is retiring from Caxton Associates and turning the reigns over to CIO Andrew Law. The Caxton Global Investment Fund has returned an average 21%/year since its 1983 founding. Kovner follows George Soros and Stan Druckenmiller out of the business of managing other people's wealth.