(Bloomberg) Billionaire Paul Tudor Jones, who’s facing his worst performance since the global financial crisis, wants to show investors he hasn’t lost his mojo. Jones, the legendary macro trader, boosted the amount of money he’s managing, including borrowed capital, to more than 50 percent of his main hedge fund’s net assets, he said in an Aug. 16 investor letter obtained by Bloomberg. He’s also demanding that all his managers take more risk in their bets.
Tudor Demands Top Traders Take More Risk in Hedge Fund Shakeup
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