Legendary macro trader Paul Tudor Jones, the founder of Tudor Investment Corp., is closing his futures fund — the first fund he ever opened — to focus on his flagship fund, CNBC’s Kate Kelly reports.
The Tudor Futures Fund managed $US300 million, according to CNBC. The futures fund, which was opened in 1984, also never had a down year.
“I’ll continue to manage the firm’s flagship fund. I am and will continue to be the largest risk taker for that fund as far as I can see into the future,” Jones wrote in a recent investor letter, according to Kelly.
Meanwhile, the flagship fund — the $US11 billion Tudor Global BVI — was up about 3.5% through the end of December, according to CNBC’s Kelly.