Tudor to Return Money From Managed-Futures Fund Amid Loss
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Tudor Investment Corp. is returning money to clients from its $120 million managed-futures fund run by Steve Evans after three years of losses.
Investors in the Tudor Tensor Fund can put their money into a managed account that follows the same strategy, the firm said today in a letter to clients, a copy of which was obtained by Bloomberg News. Investors can get their money at the end of the month or the end of April, Tudor said.