Caxton Associates LP (New York)

Name: Caxton Associates LP
Address: 500 Park Avenue, New York, NY, 10022
Telephone: 212 593-7700

Caxton Associates LP is a large advisory firm based in New York. It manages $17.74 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of New Jersey and New York.

Caxton Associates provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Caxton Associates: assets under management

The assets under management (AUM) of Caxton Associates LP is $17.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 42% since the beginning of its operation, and $17.18 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $17.74 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 billion each.

Caxton Associates has custody of $17.74 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Caxton Associates LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bruce Stanley Kovner serves?

The only and largest group of clients of Bruce Stanley Kovner is pooled investment vehicles with 16 clients and $17.74 billion of assets under management. Among the 7 most similar advisory firms, Caxton Associates has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $17.74 billion for 16 clients. 81% of the firm’s clients are foreign persons or businesses.

Caxton Associates also advises several private funds. Namely, five hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Caxton Associates LP

The company employs 157 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Bruce Stanley Kovner has been acting as President since 1 Jan 2009. Ken Towers joined the executive team most recently as the General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Bennett Bernstein	Senior vice president, general counsel and secretary	1 Jan 2009	Other	2479192
Andrew Eric Law	Chairman, chief executive officer and limited partner	1 Jan 2009	25% - 50%	2961858
John George Forbes	Chief financial officer & chief operating officer	1 Jan 2009	Other	2479194
Bruce Stanley Kovner	Chairman	1 Jan 2009	Other	1907854
Peter Paul Dangelo	President & limited partner	1 Jan 2009	Other	1907846
Caxton Corporation	General partner	1 Jan 2009	50% - 75%	22-2437619
Robert Andrew Saperstein	Chief compliance officer	1 Jan 2009	Other	2567876
Kurt Andrew Feuerman	Senior managing director & limited partner	1 Jan 2009	Other	1245260
Ajay Mehra	Chief compliance officer	1 Jul 2011	Other	4888834
Caxton Corporation	Limited partner	1 Jan 2012	Other	22-2437619
Canterbury Holdings (Usa) Llc	General partner	1 Jan 2012	Other	45-4891526
Simon Anderson	Chief financial officer	1 May 2014	Other	5484887
Matthew Duncan Wade	Chief operating officer and chief risk officer	1 Jul 2014	Other	6468257
Cook Us Im Holdings Ltd.	Limited partner	1 Sep 2014	Other	foreign
Jeffrey Moskatel	Chief compliance officer	1 Feb 2019	Other	7076288
Michael James Shaw	Chief administrative officer and chief compliance officer	1 Jul 2019	Other	7154125
Ken Towers	General counsel	1 Aug 2019	Other	6678959
Rhian Lloyd	General counsel	1 Aug 2019	Other	6678959

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Stanley Kovner	Sole shareholder	1 Feb 1983	75% - 100%	1907854
Inc. The Goldman Sachs Group	Majority owner	1 Jan 1997	75% - 100%	13-4019460
Andrew Eric Law	Sole shareholder	1 Nov 2011	75% - 100%	2961858
Canterbury Holdings Limited	Sole member	1 Jan 2012	Other	foreign
Andrew Eric Law	Manager	1 Apr 2012	Other	2961858
Scott Bennett Bernstein	Manager	1 Apr 2012	Other	2479192
John George Forbes	Manager	1 Apr 2012	Other	2479194
Petershill Ii Advisors L.L.C.	General partner	1 Oct 2013	Other	13-4019460
L.L.C. Gsam Gen Par	Sole member and manager	1 Oct 2013	75% - 100%	13-4019460
Goldman Sachs Ph Ii Advisors L.L.C.	General partner	1 Oct 2013	Other	13-4019460
Ph Ii Advisors L.L.C.	General partner	1 Oct 2013	Other	32-0575543
Petershill Ii Lp	Sole owner	1 Sep 2014	75% - 100%	80-0966826
Inc. The Goldman Sachs Group	Sole member and manager	1 Feb 2016	75% - 100%	13-4019460
Gsam Holdings Llc	Sole member	1 Feb 2016	75% - 100%	13-4019460
Access Trust	Sole member	1 Jun 2018	75% - 100%	100178
Avalon Trust & Corporate Services Ltd.	Trustee	1 Jun 2018	Other	100178

Based in New York

The principal office where Caxton Associates LP performs its advisory services is located at 500 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212 593-7700 or by fax 212 593-7700. The normal business hours are 8:30 to 6:00 on Monday - Friday. You can find more information about the New York firm at caxton.com.