Tudor Investment Corporation
From MarketsWiki
| Tudor Investment Corporation | |
| |
| Founded | 1980 |
|---|---|
| Headquarters | Greenwich, CT |
| Key People | Founder Paul Tudor Jones II |
| Products | Hedge funds |
| Web site | http://www.tudorfunds.com |
Tudor Investment Corporation is a large manager of hedge funds investing in equities, derivatives and forex across global markets. The company had a rough 2007 but also joined the 'carbon rush' by investing in several emissions-reduction projects.
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Contents |
History
Tudor Investment Corporation, the main business in the Tudor Group, manages hedge funds and invests in stocks, derivatives, cash and venture-capital markets across the globe. As of year-end 2007, Tudor Investment Corp. managed $15.4 billion.[1]
In 1996 Tudor Investment Corp. agreed to pay fines to the Securities and Exchange Commission totalling $800,000, the second-largest ever levied at the time for a non-fraud case, for violating the 'uptick rule' imposed after the 1987 market crash on "Black Monday."[2]The SEC charged that mistaken trades made by Tudor in 1994 had pushed the Dow Jones Industrial Average (DJIA) down 16 points in a single day.
Going Green
In late 2007, Tudor helped launch the Green Exchange to trade a range of environmental derivatives contracts like futures, options and swaps on European carbon allowances, Kyoto Protocol-based carbon credits and voluntary-market carbon credits.[3] The venture intends establishing its own CFTC-regulated exchange in early 2009.
Tougher Times
Recent market woes have also slugged Tudor Investment Corp., whose signature BVI and Raptor funds have significantly outperfomed the S&P 500 Index since 1986 and 1993 respectively.[4] But investors yanked over $1 billion from the Raptor fund in late 2007 after it lost 8.5 percent on the year, including 8 percent on the year to Aug. 31. Tudor Investment Corp. had previously held about $19 billion in assets.
Key People
Tudor Investment Corp. founder and president Paul Tudor Jones II is considered a master money manager whose investment and market opinions are followed closely in the media.[5]
References
- ↑ Tudor Investment Corp. StockPicker.com. Retrieved on May 13, 2008.
- ↑ Tudor Investment Agrees to SEC Fines. New York Times. Retrieved on May 13, 2008.
- ↑ Tudor Investment Corporation. BusinessWeek. Retrieved on May 13, 2008.
- ↑ Tudor Investors Pull More Than $1 Billion From Raptor. Bloomberg. Retrieved on May 13, 2008.
- ↑ Paul Tudor Jones Addresses Industry Growth. MAR. Retrieved on May 13, 2008.
