Investors have yanked out more than $1 billion from Paul Tudor Jones' hedge fund

The Business Insider reports:

Billionaire hedge funder Paul Tudor Jones is facing nearly $1 billion in investor redemptions.

Jones' main fund, BVI Global, was down 2.8% in the first quarter, which is driving the investor flight, according to Bloomberg.

This exodus represents a large chunk of the firm's $13 billion in total assets.

BVI Global is a macroeconomic trend-focused fund, betting on large scale developments around the world.

Redemption.