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Caxton Says Cutting 'Exposure'

Stock quotes in this article: BSC , GS , JPM  

Updated from 1:30 p.m.

Hedge fund Caxton Associates has been selling assets after getting margin calls from prime brokers JPMorgan Chase (JPM Quote) and Goldman Sachs (GS Quote), sources said.

The $12.5 billion fund, run by Brooklyn native Bruce Kovner, is not failing, according to sources. But they say its bankers are calling for the New York-based hedge fund to put up more money, and this is pressuring the giant hedge fund company to sell some assets. ...

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