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Tudor Tensor performance update:
August 2013: -2.2% MoM
YTD: -6.2% YTD
Earlier: Dear Tudor Tensor Investors
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I thought that Paul Tudor Jones was a market wizard. What's going on?
Paul Jones is not the Tensor's fund manager.
Steve Evans is Tensor's fund manager. The guy has a weird background.
He used to develop commercial video-games, and was hired as Tudor's CTO. He doesn't have a trading background, or a science/quant background, but somehow he was selected to run a quant fund.
Sadly, the proof is in the pudding.
LOL. He is playing video-games with investors' money. GAME OVER!!!
The SEC should sue Tudor for the losses, on the grounds of gross negligence/breach of fiduciary duty. It is Tudor's fault, for asking a CTO to be a CIO.
Tudor Tensor performance for the last 5 years:
2013: -6.2% (YTD, as of 08/31)
Avg RoR(*): -3.1%
Loss from top: -18.81%
(*) Average Rate of Ripoff.
The average loss is about the same as Tensor's management fee.
Do they actually trade? Or is this another scam?
Sucking investors' blood through the management fee… That's the right way to do it!
You've gotta be kidding me. How can this guy still be in business?
Most systematic hedge funds made lots of money over the last five years. And this year in particular, they are doing great!
This has to be a fraud.
That Evans pal had no prior trading experience before Tudor? I supposed that he had traded at previous firms.
How could Tudor make a fund manager out of a rookie? I thought it was a serious place.
Affirmative. He worked at DE Shaw for less than a year, as a software developer within the IT department. Before that, he was an IT consultant.
Evans doesn't have a Ph.D. Looking at Tensor's prospectus, there is only one person in all of Tudor's systems group with a Ph.D. At investment firms typically 50%-75% of the quant department have a Ph.D., and certainly the head of the quant department must have completed her/his education.
LOL… These guys definitely lost their mojo for good!
All folks that work at DE Shaw are geniuses. He is more than qualified to run Tudor Funds.
We once hired the dude who used to restock the pantry at DE Shaw and we put him in charge of managing the order flow during Facebook's IPO. Genius move.
- UBS Global Head of Equities Quant
Hahaha, that's right, encourage those fools. Steve Evans is DE Shaw's Trojan Horse into Tudor. A true Manchurian Candidate.
Trading is a zero-sum game, and their loss is our gain!!
- D.E. Shaw
Paul Jones is a great man.
All of this is just silly talk.
Down 6.2% for the year? PTJ is either pregnant or nursing according to his own logic.