Wednesday, 23 July 2014
Last updated 13 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…