Caxton Associates, one of the world's largest hedge funds at $9 billion in funds under management, will open an office in Sydney and has appointed its London-based partner and senior portfolio manager, Aaron Rowe, to head up the office, according to a report in the Financial Times.
The office will not be a sales office, but Rowe will focus on building Caxton's research and trading capabilities.
Caxton aims to make money from macro-economic events, and uses various instruments, including bonds, currencies, interest rates and equities, to do so.
The new office will coordinate the group's activities throughout the Asia-Pacific region, as the Asian markets, particularly China, are playing an increasingly important role in global macro-economic events.
