London-based hedge fund Caxton Associates has extended its losses to more than $1.3bn this month as the Iran war causes shockwaves in global markets.
Caxton’s $9bn Macro fund, which is run by chief executive Andrew Law, is down 15 per cent this month to Friday, according to two people who had seen the numbers.
The FT reported earlier this month that the fund had lost 7 per cent, or at least $600mn, in the first week of March.
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