Tudor Tensor Swings Into The Red

Jul 1 2013 | 1:24am ET

Add Tudor Investment Corp. to the roster of last month’s hedge fund victims.

The firm’s Tensor Fund was down 4.35% through June 21, leaving it down 2% on the year, DealBreaker reports. The loss leaves the fund 15% below its high-water mark, according to a source, and down for the third year in a row—albeit with plenty of time to make up the losses.

According to DealBreaker’s source, there may be deeper issues at Tensor, however.

There was an exodus of people in January, just after bonuses (or the lack of them) were paid,” the source said.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of