Monday, January 05, 2015

Paul Tudor Jones shutting down a fund; here's why

CNBC reports that legendary hedge fund manager Paul Tudor Jones is shutting down one of his funds:
the hedge-fund manager made no secret of the challenges he had faced in recent years, as central banks took actions that sometimes couldn't be anticipated and opportunities remained limited in the credit markets.

At an investor conference in May, Tudor Jones joked that macro trading had become so difficult, "I actually find myself daydreaming about winning 'Dancing With the Stars' on some days in the office."
Even Paul Tudor Jones realizes there is limits to the rigged markets brought to by the Federal Reserve.