Macro hedge fund Caxton Associates is said to be bucking an industry trend by raising fees rather than reducing them, according to a report by the Financial Times (FT).
Macro hedge fund Caxton Associates is said to be bucking an industry trend by raising fees rather than reducing them, according to a report by the Financial Times (FT).
The report says that Caston is also planning on shutting its Macro fund, which is personally run by chief executive Andrew Law, to new investment as it sees gains from winning bets on rising inflation and interest rates.
The annual management fee on Caxton’s flagship Global fund is set increase from 2 per cent to 2.25 per cent, according to the FT while the performance fee will rise to 25 per cent from 22.25 per cent.
