Tudor Investment Corp. reportedly has a new, $500 million hedge fund in place, focused on macroeconomic trends.
Greenwich-based Tudor is among the largest hedge funds in Fairfield County with $11.4 billion in assets, according to Bloomberg, which reported the company”™s new fund. A Tudor spokesman did not provide additional details.
Macro funds have drawn $7.8 billion in capital in the first quarter, of $16.8 billion in the entire hedge fund industry according to Hedge Fund Research Inc. data cited by Bloomberg.
Tudor founder Paul Tudor Jones has been in the spotlight in Virginia over the past month after publicly backing the ouster of the president at his alma mater the University of Virginia. UVA has since reinstated Terry Sullivan as president after a campus outcry.
