Paul Tudor Jones

Tudor’s Losses And A Frenchman’s Pearls Of Wisdom

Investors in Paul Tudor Jones’s Raptor fund have asked for more than $1 billion back after it lost a “mere” 8.5 percent this year, Bloomberg reports. Mathieu Klein, CEO of Paris-based Darius Capital Partners, said: “It’s a question of evaluating the validity of their stock-picking themes in this environment. This isn’t necessarily a vicious circle, because if returns pick up, investors will stick with them.” In other news, if you want to win football games, you have to score points and baseball, if you think about it, is simple: throw the ball, catch the ball, hit the ball.
Tudor Investors Pull More Than $1 Billion From Its Raptor Fund [Bloomberg]

robinhood.jpgThinking of doing something for the good of humanity (and the tax break)? Whatever you do, don’t give your money to the Robin Hood Foundation, that scam of a charity where people like Paul Tudor Jones are outright thieving from the impoverished people of our fair city. How so? Well, half the money in Robin’s rainy-day fund, which has grown from $20 million to $144.5 in less than ten years, is invested in hedge funds run by Robin Hood donors or board members (Jones, Blankfein, Stevie Cohen, Dick Fuld, Jeff Immelt, Robert Pittman, other plebes), who collect 2 and 20 for managing the donations to the fund. Ergo, these snakes are walking into homeless shelters and robbing the places blind, Pittman especially.
Robin Hood’s 2005 tax filing shows that a stake in Tudor BVI Global Fund Ltd. Grew to $10.07 million from $8.78 million a year earlier, and that an investment in the Tudor Futures Fund grew from $5.03 million to $5.76 million. A stake in SAC Capital International Ltd. ballooned from an initial $15 million in 2004 to $23.9 million by the end of 2005.
David Saltzman, Robin Hood’s executive director, claims that both Jones and Cohen (and the crooks they have on payroll) were paid for services rendered because their funds “don’t allow for charging some investors and not others.” But what do you expect him to say? He’s employed by people who steal from the needy. Grassley, in all his “I don’t take no sh*t from no hedge funds” glory, offered: “I don’t remember Robin Hood keeping two and 20 as his cut,” which makes him sound pretty, pretty, pretty bad ass, until you realize that Robin worked for James Simons and actually took 5 and 44 as his cut, and Grassley’s just ignorant. (I went there).
Robin Hood Nest Egg Draws Scrutiny From Congress [Bloomberg]

ptj.jpgPaul Tudor Jones II’s is hedging his political bets. He donated to Republican Rudy Giuliani’s presidential “exploratory committee” (apparently that’s political speak for the campaign before the campaign). And next month he’s holding a big fund raiser for Democratic nomination hopeful Barack Obama, the New York Observer’s Politicker blog notes.

On May 19th, commodity trading billionaire Paul Tudor Jones II will host a fund-raiser for Barack Obama, according to a knowledgeable source. The event will be held at Jones’ oceanfront Greenwich mansion, which reportedly sits on top of a 25-car garage.
More than 500 guests are expected to attend.

The Politicker implies that Jones may have dumped Giuliani in keeping with his reputation for getting out of losing investment positions. We’re not so sure. While we’re not exactly experts in presidential politics here at DealBreaker, it seems to us that this is not so much a strike against Rudy as much as Hillary. She’s supposed to be the candidate with all the pull on Wall Street (wife of Bill Clinton, connected to Citigroup’s Robert Rubin) and her position as a senator from New York, should give her connections to nearby Greenwich, Connecticut’s hedge fund money. But Obama has been cleaning her clock when it comes to donations from the world of finance. And now he can add PTJII to the list.
Big Rudy Guy and Allan Houston to Raise Money for Obama [Politicker]

Mr. Elle Macpherson

arkib1.jpgToday, FT plants a big, wet kiss (dare we say, a French kiss?) on EIM Group’s Arki Busson, ex-of-Paul Tudor Jones, ex-of-Moore Capital and most tragically of all, ex-of-Elle Macpherson..

While he is bearish about the outlook of some equity markets, he believes 2006 and beyond is full of “situations that cannot remain in equilibrium” – inflation, the price of oil, global trade imbalances and the dollar against other currencies, to name a few. For traditional fund managers, this is a minefield. For the best hedge fund managers, it is a gold mine. “The dislocation of major trends is wonderful for global macro funds, where volatility is the friend,” Mr Busson says.

And from what we understand Mr. Busson is no stranger to volatility, personally or professionally. “Insanely charismatic” was how it was described to us, followed shortly thereafter by “staff turnover.” We’re also told he wears very cute monogrammed shirts. But then, who doesn’t?