Saturday, 2 August 2014
Last updated 14 hours ago
Feb 8 2013 | 4:09am ET
The number of senior exits from Tudor Investment Corp. in the last few months is nearing double digits.
Allen Chu and Ashwin Ranganathan, two Singapore-based partners focused on Asian equities, left the $11.6 billion hedge fund last month. Their departures bring to at least nine the number of top people leaving Tudor since December, an unusual level of turnover for the firm as it refocuses on its flagship macro strategies, Bloomberg News reports.
Preceding Chu and Ranganathan out the door were Susan Arnott, Mary Davis, Michael Georgiou, Andrew McMillan, Larry Petrella, Christiana Toutet and Angel Ubide. All except for Ubide, who left in December to join D.E. Shaw Group after more than 11 years at Tudor, departed in January.
Most of the exiting employees were of long tenure at Tudor. Chu and Raganathan worked at the firm for seven years and Davis an Toutet, macro traders based in London, worked there for four years.
Arnott was an equities trader at Tudor for the past two years and Georgiou a member of its Discretionary Macro Portfolios. Petrella was a director of U.S. equities and McMillan led a Singapore-based commodities team; the latter is set to found his own hedge fund with Tudor's backing.