Tudor Mulls First Stock Funds Since '09

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.


In Depth

Delayed Flash Crash Arrest Highlights Difficulties Detecting Fraud

Apr 23 2015 | 7:19am ET

The five years it took regulators to bring high-profile charges against a UK trader...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note