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EspañolPAUL TUDOR JONES
'Paul Tudor Jones II' (b. 1954, Memphis, Tennessee) is a well-known commodity trader. Having made $750 million in 2006, he is worth an estimated $2.5 billion, and was ranked by ''Forbes'' in March 2007 as the 369th richest person in the world.[1]
One of his earliest successes was predicting Black Monday in 1987, tripling his money during the event due to large short positions.[2] Jones uses a global macro strategy when trading in some of his funds.
Paul Tudor Jones' father, John Paul Jones, was a lawyer. Jones attended Memphis University School and then University of Virginia, earning an undergraduate degree in economics in 1976. After he graduated, he consulted his cousin, William Dunavant Jr., for advice on investing. Dunavant, whose Dunavant Enterprises is the world's largest cotton merchant, sent Jones down to New Orleans to talk with commodity broker, Eli Tullis.
In 1980 he founded 'Tudor Investment Corporation' which is today a leading Alternative Asset Management firm headquartered in Greenwich, Connecticut. 'The Tudor Group', which consists of Tudor Investment Corporation and its affiliates, is involved in active trading, investing and research in the global equity, debt, currency and commodity markets.
The firm currently manages $17.7 billion (as of June 1, 2007). Their investment capabilities are broad and diverse, including global macro trading, fundamental equity investing in the U.S. and Europe, emerging markets, venture capital, commodities, event driven strategies and technical trading systems.
Jones is a director of the National Fish and Wildlife Foundation and 'The Everglades Foundation'. He is married to Sonia Jones. They have 4 children and 1 step-son who is pursuing a singing career.
Paul Tudor Jones is the founder of the Robin Hood Foundation [1], an organization dedicated to fighting poverty in New York City.
He owns Grumeti Reserves in Tanzania’s Western Serengeti and was recently lauded by the East African country’s Parliament for not permitting hunting in his reserve.
He has also made large donations to his alma mater, the University of Virginia, including a $20 million donation which went to the construction of a new basketball arena, named John Paul Jones Arena in honor of his father. [2]
On August 1, 2007 The Wall Street Journal reported large losses in two of the hedge funds run by Paul Tudor Jones for the month of July including a 3% loss, in July, for the $10.3 billion Tudor BVI Fund.(3)
1. #369 Paul Tudor Jones II
2. #382 Paul Jones II
3. Tudor Hedge Funds Hit Problems. Wall Street Journal Online Edition August 1, 2007 by GREGORY ZUCKERMAN. Retrieved on 2007-08-01.
4. RAPTOR HEDGE FUND CLIPPED IN AUGUST, Reuters, August 28, 2007 [3]
| Contents |
| Personal life |
| Philanthropy |
| Updates |
| References |
Personal life
One of his earliest successes was predicting Black Monday in 1987, tripling his money during the event due to large short positions.[2] Jones uses a global macro strategy when trading in some of his funds.
Paul Tudor Jones' father, John Paul Jones, was a lawyer. Jones attended Memphis University School and then University of Virginia, earning an undergraduate degree in economics in 1976. After he graduated, he consulted his cousin, William Dunavant Jr., for advice on investing. Dunavant, whose Dunavant Enterprises is the world's largest cotton merchant, sent Jones down to New Orleans to talk with commodity broker, Eli Tullis.
In 1980 he founded 'Tudor Investment Corporation' which is today a leading Alternative Asset Management firm headquartered in Greenwich, Connecticut. 'The Tudor Group', which consists of Tudor Investment Corporation and its affiliates, is involved in active trading, investing and research in the global equity, debt, currency and commodity markets.
The firm currently manages $17.7 billion (as of June 1, 2007). Their investment capabilities are broad and diverse, including global macro trading, fundamental equity investing in the U.S. and Europe, emerging markets, venture capital, commodities, event driven strategies and technical trading systems.
Jones is a director of the National Fish and Wildlife Foundation and 'The Everglades Foundation'. He is married to Sonia Jones. They have 4 children and 1 step-son who is pursuing a singing career.
Philanthropy
Paul Tudor Jones is the founder of the Robin Hood Foundation [1], an organization dedicated to fighting poverty in New York City.
He owns Grumeti Reserves in Tanzania’s Western Serengeti and was recently lauded by the East African country’s Parliament for not permitting hunting in his reserve.
He has also made large donations to his alma mater, the University of Virginia, including a $20 million donation which went to the construction of a new basketball arena, named John Paul Jones Arena in honor of his father. [2]
Updates
On August 1, 2007 The Wall Street Journal reported large losses in two of the hedge funds run by Paul Tudor Jones for the month of July including a 3% loss, in July, for the $10.3 billion Tudor BVI Fund.(3)
References
1. #369 Paul Tudor Jones II
2. #382 Paul Jones II
3. Tudor Hedge Funds Hit Problems. Wall Street Journal Online Edition August 1, 2007 by GREGORY ZUCKERMAN. Retrieved on 2007-08-01.
4. RAPTOR HEDGE FUND CLIPPED IN AUGUST, Reuters, August 28, 2007 [3]
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