Raft Of Top-Level Departures At Tudor

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.