Caxton Associates, the London-based macro firm headed by Andrew Law, made several big bets on U.S. stocks in the fourth quarter.Regulatory filings reveal just how aggressively Caxton pivoted toward U.S. equities. The value of its U.S. long portfolio jumped more than 40 percent in the quarter to about $5 billion, excluding the value of put and call options, according to the latest quarterly 13F filings. U.S. stocks now represent about 25 percent of the firm’s $20 billion in total assets.
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