Saturday, 25 October 2014
Last updated 15 hours ago
Jan 10 2013 | 2:05pm ET
A Tudor Investment Corp. power and gas trader will launch his own hedge fund, apparently with the blessing of Tudor chief Paul Tudor Jones.
Andrew McMillan will launch a fund in Singapore, where he has been based for Tudor, along with five other Tudor veterans, Reuters reports. McMillan's exit from the US$11.6 billion firm after a decade is said to be amicable; Tudor partners are expected to invest in McMillan's new firm.
Despite McMillan's exit, Tudor is not scaling back in Singapore. It has recently added Ai Ning Wee, formerly of the Government of Singapore Investment Corp., in the city-state.
McMillan worked at Morgan Stanley before joining Tudor.
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.