Tudor Investment Corp. opened a $500 million hedge fund, its
first new fund to bet on macroeconomic trends in a decade, according to four
investors briefed on the matter told Businessweek..
Founder Paul Tudor Jones won’t be among the 14 portfolio
managers of the Tudor Discretionary Macro Portfolios, which was seeded with
$150 million from the firm, said the people, who asked not to be named because
the information is private. Jones oversees two other funds, including the main
Tudor BVI Global, which has $9 billion in assets.
Tudor’s new offering will allow the managers, some of whom
have been at the Greenwich, Connecticut-based firm for more than 20 years, to
increase the amount of money they oversee as funds that wager on macroeconomic
events have attracted investors this year..
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