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Jim Pallotta
Posted By: TradersLog
City: Boston
2008 Age: 50
Jim Pallotta spent 15 years as a money manager for Paul Tudor Jones at the $18 billion Tudor Investment Corp.
According to a letter sent to investors, Pallotta is leaving Tudor Investment to start his own firm. He will retain control of his $5 billion Raptor Global Fund along with Alter Rock funds and he will continue to manage parts of the BVI Global Fund.
Prior to 2007, Pallotta’s stock-picking consistently achieved outstanding results – averaging about 19% annual returns- and making billions of dollars for investors.
Raptor peaked at about $9 billion in assets in 2007 but has shrunk to about $5 billion as investors pulled money from the fund.
Pallotta is co-owner of the Boston Celtics.
See also: Top Hedge Fund Managers, Interviews with Top Traders, Hedge Fund Group
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