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Macro hedge fund Caxton bounces in August

Hedge funds have been hit hard this month, but one of the world’s biggest macro funds has been chalking up profit

Macro hedge fund Caxton bounces in August

The global financial market rout may be hitting hedge funds hard this month, but one of the world’s biggest macro funds has been chalking up profits.

Caxton Associates, which runs more than $8 billion in its macro strategy, gained 3.5% this month to Wednesday, said two people who had seen the performance numbers. That takes gains this year to 8.6%.

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