Firm: Tudor Investment Corp.
City: Greenwich, Connecticut
2008 Age: 53
2008 Assets Under Management: $18 Billion
Memphis born hedge fund manager Paul Tudor Jones graduated from the University of Virginia with a degree in economics in 1976.
Tudor Jones went on to work for Eli Tullis, a successful cotton speculator at the New York Cotton Exchange.
In 1980 he founded Tudor Investment Corporation, headquartered in Greenwich, Connecticut. Tudor Investment Corporation participates in multiple strategies including global macro trades, venture capital, commodity futures, and technical trading systems.
One of Jones’ earliest and most notable successes was predicting Black Monday in 1987, where he pummeled the market through holding massive short positions. Tudor Jones is said to have made an estimated $100 million that year. Elliott Wave analyst Robert Prechter also famously forecast the crash of 1987.
Tudor Jones has partnered with several leading Wall Street firms and the New York Mercantile Exchange (NYMEX) to form an alternative venue for trading carbon greenhouse gases and other emissions. The venture, called the Green Exchange will compete with the Chicago Climate Exchange.
He has been married since 1988 to his Australian wife Sonia, formerly an fashion model. The couple have four children.
An avid hunter, fisherman and outdoorsman Tudor Jones owns property in the Florida Keys and Zimbabwe. Among his philanthropic efforts, Tudor Jones founded New York City Robin Hood Foundation, a non-profit organization dedicated to fighting poverty in New York City.
Tudor Jones was featured in the classic book Market Wizards by Jack Schwager.
Paul Tudor Jones Quotes
“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.”
“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have”
“You adapt, evolve, compete or die.”