Tudor to Shutter Discretionary Macro Fund in Restructuring
- Flagship Tudor BVI fund will be the only multi-trader fund
- Paul Tudor Jones says macro trading on verge of big change
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Paul Tudor Jones is shaking up his hedge fund, which has been battered by investor withdrawals.
Tudor Investment Corp. is closing its Discretionary Macro fund and letting investors shift assets to the main BVI fund as of Jan. 1, according to an investor letter seen by Bloomberg News. Jones will also principally manage Tudor’s flagship BVI fund, which will be the firm’s only multi-trader fund next year, the Nov. 30 letter said.