Bruce Kovner

About Bruce Kovner

Who is it?: Founder, Caxton Associates LP
Birth Day: February 25, 1945
Birth Place: New York, New York, United States
Birth Sign: Pisces
Alma mater: Harvard University
Occupation: Investor, hedge fund manager, and philanthropist
Known for: Founding Caxton Associates
Spouse(s): Sarah Peter (divorced) Suzie Fairchild
Children: 3

Bruce Kovner Net Worth

Bruce Kovner was bornon February 25, 1945 in New York, New York, United States, is Founder, Caxton Associates LP. Bruce Kovner is chairman of CAM Capital, founded in 2012, which manages his personal investment and business portfolios. Kovner is the founder and chairman of Caxton Associates, a global macro hedge fund. Kovner retired from the hedge fund in 2011 after running it for three decades. Kovner obtained his B.A. degree in Government from Harvard University in 1966. He lived in Quincy House during his time there.
Bruce Kovner is a member of Investments

💰 Net worth: $5.2 Billion (Updated at 22 June 2018)

2009 $3.5 Billion
2010 $4.1 Billion
2011 $4.3 Billion
2012 $4.3 Billion
2013 $4.7 Billion
2014 $4.9 Billion
2015 $5.2 Billion
2016 $5.3 Billion
2017 $5.5 Billion
2018 $5.24 Billion

Some Bruce Kovner images

Famous Quotes:

"Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature."

Biography/Timeline

1953

Bruce Stanley Kovner was born in New York City's Brooklyn borough to Isidore Kovner, an Engineer who briefly played semi-professional football, and his wife, Sophie. Kovner spent his early years in the Borough Park section of Brooklyn with his parents and three siblings before the family relocated to suburban Los Angeles in 1953. Early on, he was a high achiever, becoming a Merit Scholar. He was the student-body President of Van Nuys High School at 16, and an accomplished basketball player and Pianist.

1962

Kovner went to Harvard College starting in 1962, a time marred by the hanging suicide of his mother back in his family's Van Nuys home in 1965. Nonetheless, he was considered a good student and was well liked by his classmates. Kovner stayed at Harvard, studying political economy at the John F. Kennedy School of Government, notably under prominent conservative scholar Edward C. Banfield.

1970

Kovner did not finish his Ph.D., but continued his studies at Harvard's John F. Kennedy School of Government until 1970. Over the next few years, he engaged in a number of eclectic efforts; he worked on political campaigns, studied the harpsichord, was a Writer, and a cab driver. It was during the latter occupation, not long after his marriage to now ex-wife Sarah Peter, that he discovered commodities trading.

1973

Kovner has three children and has been married twice. In 1973, at age 28, he married Artist Sarah Peter, in a Jewish ceremony in Connecticut. They divorced in 1998. In 2007, he married Suzie Fairchild, the daughter of Robert Fairchild, and great-granddaughter of Louis Fairchild who founded the company with his brother, Edmund Fairchild, that became Fairchild Fashion Media, now a division of Condé Nast Publications.

1977

Kovner's first trade was in 1977 for $3,000, borrowed against his MasterCard, in soybean futures contracts. Realizing growth to $40,000, he then watched the contract drop to $23,000 before selling. He later claimed that this first, nerve-racking trade taught him the importance of risk management.

1983

In his eventual role as a trader under Michael Marcus at Commodities Corporation (now part of Goldman Sachs), he purportedly made millions and gained widespread respect as an objective and sober trader. This ultimately led to the establishment of Caxton Associates, in 1983, which at its peak managed over $14B in capital and has been closed to new Investors since 1992. Kovner was a Director of Synta Pharmaceuticals from 2002 to 2016.

1996

Kovner established The Kovner Foundation in 1996 to support organizations that promote excellence in the arts and education, initiatives that defend private enterprise and protect individual rights, and scholarly studies and research that strengthen American democratic principles.

2001

A long-time supporter of The Juilliard School, Kovner has been chairman of the School's board since 2001. In 2013 Bruce and his wife, Suzie Kovner, endowed the Kovner Fellowship Program at Juilliard with a gift of $60 million - the largest one-time gift to the school. In 2012 Kovner donated $20 million to Juilliard to endow the school's graduate program in historical performance. Kovner also donated a collection of music manuscripts to Juilliard in 2006. Kovner is vice chairman of Lincoln Center for the performing arts as well as a major funder of the redevelopment of Lincoln Center. He is also managing Director of the Metropolitan Opera's board of Directors. Kovner founded and was chairman of the School Choice Scholarships Foundation, which awarded scholarships to financially disadvantaged youth in New York City.

2008

In 2008, he was inducted into Institutional Investor Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Steven Cohen, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simmons, Alfred Jones, Leon Levy, Julian Roberston, and Seth Klarman.

2011

In September 2011, Kovner announced his retirement from his position as CEO at Caxton, succeeded by Andrew Law.

2012

Kovner has contributed extensively to conservative causes. In January 2012 he donated around $500,000 to Restore our Future, a Super PAC supporting the presidential campaign of Mitt Romney. He is the former chairman of the board of trustees of the American Enterprise Institute. His close acquaintances have included former Vice President Dick Cheney, neoconservative figures Richard Perle and James Q. Wilson. Previously, he was a backer of the conservative Manhattan Institute and had invested in The New York Sun daily newspaper.

2016

Kovner is a Fellow of the American Academy of Arts and Sciences and received an Honorary Doctor of Humane Letters from The Juilliard School. In 2016 he awarded both the william E. Simon Prize for Philanthropic Leadership by The Philanthropy Roundtable and The Alexander Hamilton Award by The Manhattan Institute.