Tudor’s Jones Says Nonprofit Will Start Justice ETF in 2017

Paul Tudor Jones, founder of $10.6 billion hedge fund Tudor Investment Corp., said a nonprofit organization he’s backing called JUST Capital intends to start an exchange-traded fund comprised of socially responsible companies early next year.

Jones, 62, said that the ETF -- based on a measure he called "America’s Most Just Index" -- will be comprised of 32 companies and could be listed in February or March. The money manager, who founded Tudor in 1980 and made a name for himself making wagers on macroeconomic events, spoke at Bloomberg’s The Year Ahead Summit on Tuesday in New York.