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Tudor Is Said to Close Oldest Hedge Fund After 30 Years

Bloomberg – Billionaire Paul Tudor Jones plans to close his oldest hedge fund after 30 years because of the cost of running the fund relative to its size, according to a person familiar with the matter.

Jones’s $13 billion hedge-fund firm Tudor Investment Corp. will return money to investors in its $300 million Tudor Futures Fund, said the person, who asked not to be identified because the information is private. The fund, run by Jones, 60, posted gains every year since its inception, the person said.

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