Caxton International Limited, run by legendary hedge fund manager, Bruce Kovner, returned 0.57% for the month of January 2012. For 2011, Caxton International had a return of 0.70%.
The fund has returned 14.4% annually since inception in February 1997. Current assets under management is slightly over $7 billion.
Kovner remains concerned about the European sovereign crisis, noting that the 1 trillion euro LTRO is to approximately 80% of 2012-13 European bank bond maturities.
David Einhorn's Greenlight Capital was down 0.1% for the first quarter, underperforming the S&P 500's 6.2% return. In their letter to investors, which was reviewed by ValueWalk, the Greenlight team said a lot happened during the first quarter even though they made just a handful of changes to the portfolio and essentially broke even. Q1 Read More