(Bloomberg) Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce in a shakeup at his hedge fund that’s reeling from more than $2 billion in investor withdrawals this year.
Tudor Investment Corp., which oversees $11 billion and employs about 400 people, earlier Tuesday informed the affected employees, which include positions ranging from money managers to support staff, three people with knowledge of the matter said. The firm got redemption notices for $400 million this quarter, according to another person, after being hit with $1.7 billion in withdrawals in the first half.
