Thursday, February 7, 2013

Fund Titan Is Shifting His Strategy, And Traders Are Leaving




Legendary trader Paul Tudor Jones is known as a philanthropic man who isn't big on the limelight, so it's not every day that we get reports of what's going on at his Greenwich-based hedge fund, Tudor Investments.

However, today Bloomberg reports that two Tudor Investment vets (Allen Chu and Ashwin Ranganathan) are leaving the fund after seven years — and what's interesting about that is why.
The $11.6 billion hedge fund is moving away trading equities in Asia and moving toward a more macro strategy.

Read more: http://www.businessinsider.com/tudor-investments-changing-strategy-2013-2#ixzz2KELIYCMg

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