Will Paul Tudor Jones be the next Madoff?

Discussion in 'Wall St. News' started by crgarcia, Dec 15, 2008.

  1. He suspended withdrawals from his fund, no reasons explained?

  2. no he is a smart guy and a great trader
  3. monti1a


    ....so was ken griffin..
  4. he still is
  5. You don't know what you are talking about.

    He suspended withdrawals from his flagship Tudor BVI Fund ( -5% on the year as of November ) so that he could split the toxic assets out of his $10 billion flagship hedge fund from everything else.

    He needs to do this because investors were trying to redeem 14% of the Tuydor BVI Fund at the end of the year. He is not able to do so without leaving the remaining investors in the fund holding too large of a proportion of illiquid assets, particularly corporate credit in emerging markets.
  6. everyone is great.

    there's only one lousy trader who lives on 69th St, and everyone else is great.
  7. I figure anyone thats really great is smart enough to be retired and I would not know them.

    Everyone else is a working stiff.
  8. When you can freely mark-to-profit (and most hedge funds can), everyone is a great trader.
  9. Ya never know. Two hedgies that proudly displayed PTJ as their "mentor" have recently blown up or shut down.

    Maybe he is just not a great teacher?

    Or they are just sh*tty students... :p
  10. once one suspends , they all have to suspend.
    #10     Dec 15, 2008