Caxton backs hedge fund pioneer

Caxton Associates, one of the world's largest hedge fund managers, has agreed to back a new hedge fund founded last year by Peter Matthews, an industry veteran.

The fund, Optimation Investment Management, said Caxton would give it a significant amount to manage. It declined to disclose details.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire