Sunday, 24 July 2016
Last updated 1 day ago
Jul 9 2014 | 6:20am ET
Tudor Investment Corp. is preparing for a new interest-rate environment with the hire of Morgan Stanley’s Tiffany Wilding.
Wilding was a strategist at the bank, focused on Treasury Inflation Protected Securities. Formerly of the Federal Reserve Bank in New York, she joined the Greenwich, Conn.-based hedge fund this week, Bloomberg News reports.
The hire is a sign that Tudor—like many hedge funds—expects central banks to begin raising rates soon. Earlier this year, firm founder Paul Tudor Jones complained that the low-volatility environment created by years of low rates has made trading “boring.” It certainly has hurt Tudor’s returns: The firm’s flagship BVI Global Fund is down 4.1% on the year.