Caxton Associates: Platform Profile

Overview

Caxton Associates is a global macro hedge-fund manager founded in 1983.

Current legal adviser:

• Legal adviser: Caxton Associates LLP
• CRD: 333153
• SEC number: 801-136549
• SEC registered investment adviser: Yes
• SEC registration effective: 2026-06-23

May fit better for

• professional and qualified global-macro investors;
• allocators seeking discretionary macro;
• investors seeking activity across liquid asset classes;
• investors comfortable with derivatives and leverage;
• investors able to meet private-vehicle requirements;
• investors seeking a long-established macro specialist.

May fit less well for

• ordinary retail investors;
• investors seeking public ETF liquidity;
• users treating a $10M Caxton Macro reference as universal;
• investors seeking a published firmwide fee schedule;
• users expecting one static asset allocation;
• investors interpreting an absolute-return objective as a guarantee.

The manager's current legal name changed in 2025

UK company record:

• Current name: Caxton Associates LLP
• Former name: Caxton Europe LLP
• Former name end date: 2025-04-07

Current IAPD also lists Caxton Europe LLP as an alternate/prior name.

SEC registration became effective June 23, 2026

Current IAPD:

• CRD: 333153
• SEC number: 801-136549
• SEC registration effective: 2026-06-23

The firm's Form ADV filing used for the current regulatory-AUM reference is dated June 15, 2026, shortly before registration became effective.

Current regulatory AUM is $71.56B

Form ADV filings show:

• Regulatory AUM: $71.56B
• Regulatory AUM as of: 2026-06-15
• Discretionary accounts: 19

Current Q2 2026 13F reported value was approximately $5.3B.

Caxton is explicitly global macro

Current first-party homepage:

• Global macro: Yes
• Founded: 1983
• Active across all liquid asset classes: Yes

Current research inputs include:

• macroeconomics;
• market technicals;
• politics and policy;
• individual company analysis.

Absolute-return language is an objective, not a promise

Current first-party goal is to deliver consistent absolute returns irrespective of market environment.

Caxton Macro (USA) LLC has a $10M current Form D minimum

Current February 19, 2026 Form D:

• Vehicle: Caxton Macro (USA) LLC
• Manager: Caxton Associates LLP
• Minimum investment accepted from outside investor: $10M
• Investment Company Act exclusion: 3(c)(7)
• Securities Act exemption: Rule 506(b)

A second 2026 vehicle also shows a $10M minimum

Caxton Cadence (USA) LLC's May 2026 Form D states:

• Caxton Cadence USA minimum: $10M

This corroborates a high private-vehicle access hurdle but still does not create a universal manager minimum.

Current Form D identifies Andrew Law as chairman and CEO

Current Caxton Macro Form D:

• Chairman CEO: Andrew Law
• COO CRO: Matthew Wade
• CFO: Chanelle Nicholls

Store as current officer references.

Website is explicitly not an investment offer

Current Terms of Use:

• Public website is offering document: No

The site states that its content is informational and is not an offer or solicitation to buy or sell an interest in a Caxton-managed fund.

Investor documentation exists separately from public content

Current disclosure pages include privacy materials specifically for current, former and prospective fund investors.

Current responsible-investment materials describe a multi-PM structure

Current/recent Caxton regulatory disclosures describe a multi-strategy, multi-portfolio-manager business and note that no single ESG framework applies identically across all teams/funds.

Assessment

Caxton is the cleanest pure global-macro specialist in Batch 73.

The current review needs two date-sensitive identity facts:

• Caxton Europe LLP became Caxton Associates LLP in April 2025;
• U.S. SEC registration for Caxton Associates LLP became effective June 23, 2026.

The access facts are also unusually clear at vehicle level: both current Caxton Macro (USA) and Caxton Cadence (USA) Form D filings show $10M minimums.

That is still not enough to publish a universal firm minimum.