Saturday, 25 October 2014
Last updated 11 hours ago
Dec 17 2009 | 12:37pm ET
For Tudor Investment Corp., $1.3 billion in new money is plenty.
The legendary hedge fund has closed its flagship BVI Global Fund to new money. Meanwhile, the Greenwich, Conn.-based firm told clients that it was closing its Global Emerging Markets Fund altogether.
The Singapore-based fund is being closed due to poor relative performance, the firm told investors yesterday. The liquidation of the emerging markets fund was first reported by Clusterstock.
The firm had accepted new investment in BVI from March, when it lifted redemption restrictions imposed last December, through July. BVI accounts for roughly $9.5 billion of Tudor’s approximately $11.5 billion in assets.
“The fund remains at capacity at this time,” firm founder Paul Tudor Jones told investors in a letter at the end of September. BVI is up about 17% through the first three-quarters of the year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.