One year ago Peter Agnes
(Photo: LinkedIn)
»» Peter Agnes, former head of the credit opportunities group at Barclays Capital, joined Caxton Associates as a portfolio manager.
Agnes joined just months before Caxton founder Bruce Kovner announced he was retiring after 28 years running the firm. He turned over control to longtime chief investment officer Andrew Law, who had been credited with helping the firm turn a profit in 2008 (see AR’s February cover story on Caxton’s leadership transition here).
Law’s first months at the top have been mixed. Caxton lost 7% of its assets over 2011, according to the latest AR Billion Dollar Club rankings, and now manages $9.3 billion as of January 1. Its $7.2 billion flagship macro fund squeezed out a 0.70% gain last year, compared with a 1.17% rise for the AR Macro Index. It is up 1.7% through this year through April 20, according to a person familiar with the firm.
A Caxton spokesperson declined to comment.
See also: Caxton among lobbyists at the Fed • Caxton founder Kovner donates $20M to Julliard • Caxton, Carlson, others hit fundraising trail
Five years ago
»» Atlantic Asset Management hired Chris Sutter, formerly of Blue Sky Capital, as vice president of sales for alternatives as it looked to grow beyond its traditional long-only fixed income specialty into the hedge fund space.
Sutter did not last long, moving on a little over a year later to Donald Brownstein’s Structured Portfolio Management. In 2009, he was elevated to head of marketing and investor relations for the award-winning residential mortgage backed securities-focused shop, which managed $1.08 billion on January 1 of that year. It now has $3.05 billion in hedge fund assets.
Sutter did not respond to a request for comment.
»» Paul Tudor Jones planned to host a fundraiser for presidential candidate Barack Obama at his Greenwich, Connecticut estate, an event that reportedly boasted George Soros among its more than 500 eventual attendees.
| Paul Tudor Jones |
Obama, of course, won the election in 2008. Jones’ support, however, proved short-lived. In 2010 he reportedly was among those urging New Jersey Gov. Chris Christie, a Republican, to take on the incumbent president. When that failed, he became a major donor to presumptive nominee Mitt Romney, campaign filings show.
A Tudor spokesperson declined to comment.
See also: Obama’s vanishing hedge fund moneymen • Obama courts hedgies
