Bruce Kovner, a rich American, established Caxton Associates in 1983. In 2008, he delegated Andrew Lee to administer his wealth. In 2012, Kovner founded CAM Capital, a hedge fund where he oversees both his company and personal trading. It has offices in Princeton, New Jersey, Sydney, Australia, and New York. Fees are going up and one of Caxton Associates’ funds is no longer open to outside investors. The hedge fund’s assets have increased by more than a factor of two to over $11 billion. Its Macro fund, which invests in assets that are touched by political and economic developments, will not take new capital.
Insider Monkey looked at the 10 new stock picks of Bruce Kovner’s Caxton Associates. As of July 15, the dividend yield for The Bank of New York Mellon Corporation is 3.19 percent. The company’s Q2 GAAP EPS of $1.03 fell short of expectations by $0.09, and its June quarter revenue of $4.3 billion above expectations by $130 million. American multinational The Proctor & Gamble Company sells branded consumer packaged goods. Similar to previous quarters, the business declared a $0.9133 per share quarterly dividend. Shareholders of record as of July 22 will receive the dividend on August 15. In the first quarter of 2022, Caxton Associates added 15,292 shares of IAC/InterActiveCorp to its holdings for $1.53 million. IAC continues to be the analyst’s top mid-cap pick for 2022, he said. Energy drink products are produced and sold by the California-based Monster Beverage Corporation. In the US, the firm has a market share of about 34% for energy drinks. It is the second-largest producer of energy drinks in the world, after Red Bull. On June 28, AT&T Inc. announced a $0.2775 per share quarterly dividend. Shareholders who had their records in by July 11 will get the dividend on August 1. As of July 15, the company’s dividend yield was 5.40 percent. For more details, click 10 New Stock Picks Of Bruce Kovner’s Caxton Associates.
