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Tudor Demands Managers Take More Risk In Hedge Fund Shakeup

by bloomberg.com posted 1year ago 3336 views
Billionaire Paul Tudor Jones, who’s facing his worst performance since the global financial crisis, wants to show investors he hasn’t lost his mojo.   Jones, the legendary macro trader, told investors in an Aug. 16 letter that he will manage a larger chunk of their money himself. He also said managers at his $11 billion Tudor Investment Corp. will be forced to take more risk. “We have to think outside the box,” Jones, 61,...