Tuesday, 21 October 2014
Last updated 1 hour 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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...