As the strategy that made him a billionaire flounders, Paul Tudor Jones has found a new way to make money. Jones, who’s renowned for betting on macroeconomic trends, made his first foray into wagering on companies undergoing mergers and restructurings last year. The event-driven Tudor Riverbend Crossing Partners fund rallied 9.3 percent in the first five months of 2017 in its founder’s share class, outperforming peers, according to an investor letter seen by Bloomberg News. The new strategy is one of a series of moves by Jones, 62, to revive Tudor Investment Corp. in Greenwich, Connecticut. The founder has trimmed...