Tudor Bond Trader Phillips Has Lost $140 Million in April
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Tudor Investment Corp. trader Alexander Phillips lost about $140 million in April through earlier this week as President Donald Trump’s tariff barrage hammered financial markets, including US Treasuries.
The mark-to-market losses on Phillips’ trading book erased his pre-April gains for 2025, and he was down by about $80 million for the year as of earlier this week, according to people familiar with the matter, asking not to be identified discussing private details.