Caxton Associates, the macro-focused hedge fund led by Andrew Law, closed out the first half of 2025 with a robust 14% return, according to a report by Reuters citing an unnamed source familiar with the performance.
The London-based firm gained 2% in June alone, buoyed in part by bearish positioning on the UK economy.
The result marks a strong showing for Caxton amid a complex macroeconomic environment, with the fund capitalising on global dislocations and monetary policy shifts. The firm declined to comment on the performance.
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