Tudor Investment Corp., the $13 billion hedge fund run by Paul Tudor Jones, hired Morgan Stanley (MS) strategist Tiffany Wilding, according to a person familiar with the matter, as investment firms recruit from Wall Street anticipating central banks will soon start raising interest rates.
Wilding, 29, who specialized in Treasury Inflation Protected Securities, or TIPS, at Morgan Stanley, joined Tudor this week as a strategist, said the person, who asked not to be named because the information is private. Prior to joining Morgan Stanley in 2011, she worked at the Federal Reserve Bank of New York.
Patrick Clifford, a spokesman for Tudor with the Abernathy MacGregor Group, and Wilding declined to comment.
Tudor, which makes bets on macroeconomic trends using bonds, currencies, commodities and stocks, has struggled this year as central banks have pushed down benchmark interest rates and volatility, making it harder to profit from trading. Jones described the environment as “boring” and called for a “macro doctor to prescribe central bank viagra” when he spoke in May at a conference in New York.
His BVI Global Fund climbed 0.3 percent last month, paring this year’s loss to 4.1 percent, after the European Central Bank injected more stimulus and the U.S. economy strengthened. Goldman Sachs Group Inc. said this week it brought forward its forecast for the Federal Reserve to raise interest rates after U.S. employers added more jobs last month than anticipated.
Tudor, based in Greenwich, Connecticut, joins other hedge-fund firms bulking up in interest-rate strategies in recent months. MKP Capital Management LLC has hired two interest-rate traders from Nomura Holdings Inc. (8604) and Mariner Investment Group LLC in May added Marx Bowens from CRT Capital Group LLC.
To contact the editors responsible for this story: Christian Baumgaertel at firstname.lastname@example.org Pierre Paulden