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. http://bloom.bg/14pRDo8
Legendary trader. Legendary fund. Legendary strategy. Too bad there are no more "newbie" Paul Tudor Jones like traders around. Traders with passion, skill set and the ability to strike at the right time. Only quants running around with their "factor models"....