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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Tudor Investment Corporation is an American investment firm based in Stamford, Connecticut . The firm invests in both public and private markets globally.
Background [ edit ]
In 1980, Paul Tudor Jones founded the Tudor Investment Corporation.[3] [4] [5] Commodities Corporation was one of the first clients to invest into the firm where it provided $30,000 to manage.[6]
On the day of Black Monday , October 19, 1987, Jones accurately predicted there would be a stock market crash .[3] [5] The Dow Jones Industrial Average plunged 22% on that day while the firm from short positions earned a 62% gain for the month of October and 200% gain for the year of 1987.[7] [8] [9]
In February 1990, Jones bought put options for the Japanese stock market.[5] [9] When the market plunged, the firm had a return of 87.4% for that year.[5] [9] [10]
In 1996 the firm agreed to pay fines to the U.S. 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 , part of the Securities Exchange Act of 1934 that prohibits the sale of a borrowed stock while the stock is declining.[11] The trades in question were performed on March 15 and 16, 1994.[11] The SEC charged that the trades made had pushed the Dow Jones Industrial Average down 16 points in a single day.[11]
In 2014, The New York Times noted that returns for the firm's clients had "dimmed" over the decade and that the returns could not match the same level as before.[10] From 2010 to 2012, the firm returned just 5% annually.[10]
In 2016, the firm laid off 15% of its staff due to poor returns and investor redemptions.[12] In that year investors pulled out over $1 billion from the firm.[13] The firm also had to cut fees.[14]
In 2022, Jones stated that the firm will be increasing its trading in cryptocurrencies as a way to protect against rising inflation.[15]
The firm is headquartered in Connecticut with additional offices in New York, Palm Beach , London, Singapore and Sydney .[2]
References [ edit ]
^ a b "Tudor Investment Corp" . Institutional Investor . Retrieved December 18, 2022 .
^ "Billionaire Paul Tudor Jones to Staff: Learn to Write or I'll Rip Up Your Memo" . Bloomberg.com . October 23, 2015. Retrieved December 18, 2022 .
^ a b c d "Paul Tudor Jones: The Global Macro Trader" . finance.yahoo.com . Retrieved December 18, 2022 .
^ "WHAT BECOMES A LEGEND? | Institutional Investor" . August 19, 2020. Archived from the original on August 19, 2020. Retrieved December 18, 2022 .
^ "Paul Jones II, The World's Richest People - Forbes.com" . Forbes . April 1, 2007. Archived from the original on April 1, 2007. Retrieved December 18, 2022 .
^ "Wall Street Revisits the Crash of '87" . Bloomberg.com . October 16, 2017. Retrieved December 18, 2022 .
^ a b c "Paul Tudor Jones: Don't focus on making money, but protecting what you have" . www.morningstar.in . Retrieved December 18, 2022 .
^ a b c "After a Dazzling Early Career, a Star Trader Settles Down - The New York Times" . October 2, 2019. Archived from the original on October 2, 2019. Retrieved December 18, 2022 .
^ a b c Strom, Stephanie (December 31, 2019). "Tudor Investment Agrees to S.E.C. Fines - The New York Times" . The New York Times . Archived from the original on December 31, 2019. Retrieved December 18, 2022 .
^ "Hedge fund Tudor Investment lays off 15 percent of staff: source" . Reuters . August 16, 2016. Retrieved December 18, 2022 .
^ Marino, Jon. "Tudor hedge fund sees $1B outflows" . CNBC . Retrieved December 18, 2022 .
^ Childs, Mary (May 24, 2016). "Tudor Investment cuts fees amid weak performance" . www.ft.com . Retrieved December 18, 2022 .
^ Zuckerman, Gregory. "Mainstream Hedge Funds Pour Billions of Dollars Into Crypto" . WSJ . Retrieved December 18, 2022 .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Tudor_Investment_Corporation&oldid=1210802496 "
C a t e g o r i e s :
● C o m p a n i e s b a s e d i n S t a m f o r d , C o n n e c t i c u t
● F i n a n c i a l s e r v i c e s c o m p a n i e s e s t a b l i s h e d i n 1 9 8 0
● H e d g e f u n d f i r m s i n C o n n e c t i c u t
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● O f f i c i a l w e b s i t e d i f f e r e n t i n W i k i d a t a a n d W i k i p e d i a
● T h i s p a g e w a s l a s t e d i t e d o n 2 8 F e b r u a r y 2 0 2 4 , a t 1 1 : 3 2 ( U T C ) .
● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n .
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