Monday, October 02, 2006

Caxton Associates Raises Stake in PW Eagle (PWEI) to 8.5%

In an amended 13D filing on PW Eagle Inc. (Nasdaq: PWEI), Caxton Associates disclosed a 8.5% stake (1.05 million shares). This is up from the 6.8% stake (841K shares) the firm disclosed in a past filing.

Run by Bruce Kovner, Caxton Associates is one of the world's largest hedge funds. Caxton Associates and its affiliates currently manage in excess of $12 billion in assets.

PW Eagle, Inc. is a leading extruder of PVC pipe products and its wholly owned subsidiary, USPoly Company, LLC, is a leading manufacturer of PE pipe and fittings.

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