Friday, 29 August 2014
Last updated 8 hours ago
Jul 2 2012 | 2:48pm ET
Tudor Investment Corp. has launched its first new macro fund in 10 years, two years after restricting inflows to its flagship hedge fund.
The Greenwich, Conn.-based firm's new Tudor Discretionary Macro Portfolios will be run by 14 of the firm's managers, including some of its most senior. Firm founder Paul Tudor Jones will not be among the 14; instead, the new fund, which debuted with $500 million, including $150 million from Tudor itself, will be used to give other managers more money to play with while the flagship BVI Global fund is restricting new investments.
BVI Global put such restrictions in place in 2010; it currently has $9 billion in assets, the lion's share of Tudor's total $11.4 billion.
The new fund has a seven-member investment committee, including Jones and two two-decade Tudor veterans, Spencer Lampert and Björn Nielsen, Bloomberg News reports. It also features Andrew Bound, Adam Grunfeld, Richard Jackson and Aadarsh Malde.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...