Tudor Launches $500 Million Macro Fund, First In 10 Years

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note