Caxton Associates Raises Stake in Ferro (FOE) to 5.2%
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In a 13G filing on Ferro Corp. (NYSE: FOE), Bruce Kovner's Caxton Associates disclosed a 5.2% stake (2,276,526 shares) in the company. The firm held 245,944 Ferro shares at the quarter ended June 30, 2008.
Ferro Corporation produces specialty materials and chemicals for a range of manufacturers worldwide.
Caxton Associates, L.L.C., is a multi-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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