Caxton Associates LP and Crispin Odey’s hedge fund were among buyers of Bank of America Corp. shares in the first quarter before the lender halted its capital plan and sparked a 15 percent stock plunge.
Bruce Kovner, the billionaire co- founder of Caxton Associates LP, is retiring from the $10 billion hedge fund, ending a three-decade run during which he traded everything from soybeans to Japanese yen futures and returned twice as much as the Standard & Poor’s 500 Index.
Hedge-fund icon Stanley Druckenmiller is quitting the business after three decades, telling investors he’d been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an “enormous amount of capital.”
Stephen Schwarzman, co-founder of Blackstone Group LP, sold stationery as a Yale undergraduate, making enough money to buy a stereo, on which he played the Four Tops and the Beatles, he recalled the other night at a reception for the Oxford-Pershing Square Graduate Scholarships.
Ravens flying through a winter backdrop transported operagoers into Tchaikovsky’s very Russian story of fiery, futile love, “Eugene Onegin,” in a new production that opened the season at the Metropolitan Opera last night.
Steven A. Cohen , the 53-year-old founder of SAC Capital Advisors LLP, picked four of his best people earlier this year to help select investments for the $2 billion he personally oversees at the hedge-fund firm.