Caxton Associates Accumulates 5.1% Stake in Tercica (TRCA)
In a 13G filing after the close on Tercica Inc. (Nasdaq: TRCA), Caxton Associates disclosed a 5.1% stake (2,629,164 shares) in the company. The firm did not show a stake in TRCA at the quarter ended 03/31/08.
Tercica, Inc., a biopharmaceutical company, engages in the development and marketing of endocrine products.
Caxton Associates, L.L.C., is a $14 bilion New York-based hedge fund, founded in 1983 by Bruce Kovner. Caxton Associates' primary business is to manage client and proprietary capital through global macro hedge fund strategies as well as other alternative investment disciplines.
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