Thursday, 5 May 2016
Last updated 8 hours ago
Mar 2 2009 | 10:58am ET
Hedge fund giant Tudor Investments hopes to capitalize on the success of its futures funds last year with a new global futures offering.
The Tudor Momentum Fund began trading last December, and is run by Steve Evans, who also manages the firm’s $870 million Tensor Fund, which returned 36% last year. The new fund has garnered about $51 million from investors since its debut, The New York Times reports.
Tensor, like its predecessor, uses a quantitative model to profit from market volatility. It returned 1% in January.