Pallotta planning to leave Tudor Investments

Jim Pallotta, a fund manager at Tudor Investment Corp., will start his own investment firm in 2009.
AUG 07, 2008
By  Bloomberg
Jim Pallotta, a fund manager at Tudor Investment Corp., will start his own investment firm in 2009, according to a letter to investors that was cited in a Bloomberg report. The $5 billion Raptor Global Fund that he manages will be spun off Jan. 1 from Greenwich, Conn.-based Tudor, where he has worked for 15 years. At the new firm, Mr. Pallotta will continue to manage the Altar Rock fund as well as money from Tudor's BVI Global Fund Ltd. The Raptor fund has dropped 21% since May 2007. Year-to-date through July 23, the fund had fallen 6.6%. It has posted an annualized return of 16% since August 1993. Tudor Investment’s BVI fund, which trades stocks, bonds, currencies and commodities, had gained 2.3% this year through July 23, but it has posted an annualized return of 23% a year since October 1986.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound