Tudor Investment Corp to Close Singapore Desk
Tudor Investment Corp has closed its Singapore desk as part of their global restructuring. Tudor had already dismissed 15% of their workforce last month as hedge funds have been struggling ever since the global financial crisis.
“Tudor had already dismissed 15% of their workforce last month as hedge funds have been struggling ever since the global financial crisis. “
Tudor has cut jobs ever since clients took out more than $2 billion this year due to lower than expected returns. The job cuts impacted money managers who did not post profit or posted losses for the fund. Tudor’s main fund has lost 3.2% according to an investor document. Tudor has also began to hire scientists and mathematicians to help money managers with trading and step up with newer technologies.
About Tudor Investment Corp
The Tudor group of companies (“Tudor Group”) is a group of affiliated entities engaged in the management of client and proprietary assets. Paul Tudor Jones II formed Tudor Investment Corporation, the first of the Tudor Group companies, in 1980. The Tudor Group manages assets across fixed income, currency, equity and commodity asset classes and related derivative instruments in the global markets for an international clientele. The investment strategies of the Tudor Group include, among others, discretionary global macro, quantitative global macro (managed futures), quantitative equity systems and discretionary equity long
Visit: Tudor Investment Corp
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