The Man Behind The Caxton Hedge Fund
Most major successes start off as little ideas. This theory is no truer than in the case of Bruce Kovner, CEO of Caxton Hedge Funds. Kovner, unsure of what to do with his life, career wise, make a spur of the moment investment in the late 1970’s to early 1980’s after borrowing $3000 from his MasterCard and invested into Soybeans. That investment quickly garnered him $40,000 in profit, and just as quickly lowered to $23,000 when it was sold off by him. Even though the dollar sign did decrease, it was a large enough profit to light a fire under Kovner to make him realize that he wanted to trade commodities for a living.
When Bruce Kovner started his trading career off, he was at Commodities Corporation, which then became Goldman Sachs. Throughout his career there he held a “balls to the wall” type of mentality, earning him deep respect from his colleagues and other investors along with millions of dollars in profit for his clients and customers. With this success, he felt confident enough to venture out on his own, so in 1983, he started Caxton Associates. Every year, Caxton has proven over and over again to be one of the top ten commodity leaders in the world. Within the first ten years of business, Caxton Associates made a consistently solid 87% annual return to most of its investors, making the companies stay put and ensuring new companies that investing in Caxton is a wise choice to make.
You won’t find Bruce Kovner out in the public eye very often, boasting at press conferences about his many successful business ventures, like some other investors today. Kovner prefers to stay away from the limelight, working hard for his investors and making sure that the success of the company is never far from anyone’s minds. This is not to say that Kovner is a shrinking violet, shying away from any confrontation. He is as tough as nails and fights to get what he wants, which is why Caxton has continued to be the success that is has been for so long and why investors continue to be interested in staying with Caxton Hedge Funds.
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