Saturday, 28 May 2016
Last updated 5 hours ago
Mar 7 2014 | 3:11am ET
Tudor Investment Corp. has dug itself a hole early in 2014.
The $13 billion firm has seen its three funds lose ground in the first two months of the year. Tudor’s flagship BVI Global Fund is down just over 3% over that period, Forbes reports. The firm’s other funds are also in the red, with its Discretionary Macro Fund down 5.76%.
Both of the smaller funds—Discretionary Macro and Tensor—have lost ground for three straight years. And while Tudor’s Global fund returned 14.3% last year, the three prior years were its worst ever, with annualized returns of just 5%. Indeed, The New York Times reports, it has been more than a decade since Tudor has matched or exceeded its annualized return since 1980, 19.5%.