Tudor Closes Flagship To New Investment, Liquidates Emerging Markets Fund

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.

Paul Tudor JonesPaul Tudor JonesThe 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.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note