Hedge fund giant Caxton Associates has nabbed Geoff Sherry, co-head of credit trading North America at J.P. Morgan, to start a new fixed-income fund out of its New York office, according to market participants. Caxton's New York operation is equity-focused, though it does trade fixed-income securities through its London office, said fixed-income professionals. Sherry left Morgan last week and did not return calls to his cell phone. Calls to Bruce Kovner, chairman of Caxton, and to the firm's human resources department, went unreturned. Further details about the new fund could not be ascertained by press time.
Caxton To Launch Credit Fund With Morgan Credit Head