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Tudor Investors Ask to Pull More Than $1 Billion From Firm

  • Redemption requests follow exit of several money managers
  • Main BVI Global Fund dropped 2.8 percent in first quarter

Tudor Investment Corp. clients have asked to pull more than $1 billion from the hedge fund firm founded by billionaire Paul Tudor Jones after three years of lackluster returns.

The investor redemption requests were made in recent weeks, according to two people with knowledge of the matter, and follow the exit of several money managers, some of whom spent decades at the firm. Another senior executive, Richard Puma, Tudor’s deputy chief operating officer, is planning to leave, the people said.