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Tudor Liquidates Managed-Futures Fund

Mar 25, 2014
Jing Chen

Paul Tudor Jones’ Tudor Investment Corp. is liquidating its managed-futures fund after three years of losses.

Bloomberg reported that Connecticut-based Tudor Investment will return money back to investors from the $120 million fund at the end of this month or at the end of April. The fund fell 2.3% this month through March 14, bringing its total loss in 2014 to 3.9%; the losses follow a 3.4% drop last year and a 2.2% decline in 2012.

The firm told investors that they have the option to transfer their money into another managed account that utilizes the same strategy.

The fund, which uses computer models to buy and sell futures contracts, was launched in 2005 and manages as much as $1.1 billion at its peak in 2009.

Tudor Investment has about $13 billion in assets under management.

 

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