Caxton Associates (Trades, Portfolio) LP was originally founded in 1983, by legendary hedge fund manager Bruce Kovner. Kovner retired from running the firm in 2012, and since then Andrew E. Law has taken over as the chairman and ceo of the investment firm. During the second quarter Andrew E. Law purchased a 1,269,000 share stake in Teck Resources (NYSE-TCK) at an average price of $10.29 per share. Since the purchase Teck Resources market price has taken off gaining an estimated 79%.
Teck Resources is headquartered in Vancouver, British Columbia. It is a diversified resource company that focuses on copper, zinc, steel making, coal, gold, and energy. The company’s operations began in 1913, when Teck-Hughes Gold Mines Ltd was formed to develop a gold discovery in Teck Township, on the shoes of Kirkland Lake, Ontario. Teck Resources has since expanded its operations to becoming Canada’s largest diversified resource company with operations and projects in Canada, the United States, Chile, and Peru. Continue Reading »