Bloomberg – 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.
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.
