Skip to content
Subscriber Only

Tudor Said to Plan First Equity Funds Since Pallotta Left

Tudor Investment Corp., the $11.6 billion hedge fund that seeks to profit from macroeconomic events, is planning its first equity funds since stock manager James Pallotta left the firm in 2009, according to four people with knowledge of the matter.

Tudor may offer two equity funds to clients next year, one of which would be based on the performance of a number of portfolio managers focused on different industries, said the people, who asked not to be named because the plans are private. Tudor is in the early stages of planning, and may decide to shelve the funds, the people said. Patrick Clifford, a spokesman for Greenwich, Connecticut-based Tudor, declined to comment.