{"id":9255,"date":"2008-12-02T00:00:00","date_gmt":"2008-12-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tudors-bvi-hedge-fund-suspends-redemptions-will-split-in-two","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/tudors-bvi-hedge-fund-suspends-redemptions-will-split-in-two.html","title":{"rendered":"Tudor&#8217;s BVI Hedge Fund Suspends Redemptions, Will Split in Two"},"content":{"rendered":"<p class=\"MsoNormal\">New York (HedgeCo.Net) &#8211; Hedge Fund firm Tudor Investment Corp. has suspended investor redemptions from its $10 billion BVI Global unit until March 31<sup>st<\/sup>, giving the company time to split the fund into two.&nbsp; <\/p>\n<p class=\"MsoNormal\">BVI Global was hit by a wave of client redemption requests after investors moved to withdraw 14 percent of their capital, according to a recent letter to investors.&nbsp; The hedge fund posted a loss of about 5 percent this year, while hedge funds as a whole lost an average of 22 percent through November 24th according to Hedge Fund Research Inc.<\/p>\n<p class=\"MsoNormal\">Tudor Investment Corp., run by Paul Tudor Jones, wants to separate the corporate bonds and loans from emerging markets and start a new fund called Legacy, according to a recent letter to investors.&nbsp; The BVI flagship fund will stick with its staple of stocks, bonds, currencies and commodities. &nbsp;<\/p>\n<p class=\"MsoNormal\">The company is asking clients to approve the split within the next two months.&nbsp; Capital would be placed into both the BVI Global Fund and the Legacy Fund, depending on the division of assets. <\/p>\n<p class=\"MsoNormal\">Tudor Investment Corp. manages approximately $17 billion.&nbsp; Jones&rsquo; Tudor Futures Fund has posted gains of 21 percent this year while the firm&rsquo;s Tensor Fund Ltd has seen returns of about 34 percent, according to people familiar with the matter.<\/p>\n<p>Julie Scuderi<br \/>Senior Editor for HedgeCo.Net<br \/>Email: julie@hedgeco.net<\/p>\n<p>HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on <a href=\"http:\/\/www.hedgeco.net\/news\/11\/news\/11\/news\/11\/news\/11\/news\/10\/news\/10\/news\/03\/\/\" target=\"_self\">www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<br \/>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\" target=\"_self\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\" target=\"_self\">www.hedgefundtools.com<\/a>, and <a href=\"http:\/\/www.hedgefundemployment.com\/\" target=\"_self\">www.hedgefundemployment.com<\/a><\/p>\n<p class=\"MsoNormal\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge Fund firm Tudor Investment Corp. has suspended investor redemptions from its $10 billion BVI Global unit until March 31st, giving the company time to split the fund into two.&nbsp; BVI Global was hit by a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[2356,1119,303,3971,67,110,1063,617,1209,1985,561,913],"class_list":["post-9255","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-brevan-howard","tag-bridgewater-associates","tag-brokerages","tag-business-times","tag-chief-executive","tag-due-diligence-service","tag-emerging-market","tag-extreme-volatility","tag-quality-tax","tag-stock-market-crash","tag-ucits-iii","tag-value-performance"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9255"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9255\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}