Raft Of Top-Level Departures At Tudor

Feb 8 2013 | 5:09am 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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...