Thursday, 28 July 2016
Last updated 18 min ago
Mar 1 2013 | 11:46am ET
Tudor Investment Corp. may launch its first equity hedge funds in more than four years.
The Greenwich, Conn.-based firm may open two stock funds to clients next year, Bloomberg News reports. One of the funds would be a multi-manager vehicle, similar to the $830 million Tudor Discretionary Macro Fund the firm launched last year, with 15 teams of portfolio managers.
Plans are in the early stages and could fail to bear fruit, Bloomberg warned.
Tudor has not had an equity fund since the 2009 departure of James Pallotta. Pallotta ran Tudor's Raptor Global fund for 16 years before spinning it off; he closed it just six months later.
Tudor has tried, without much success, to rebuild its equities business since 2010. But the effort has been hampered by high-level departures and cutbacks in Asia.