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Profile: Paul Tudor Jones

By   /   July 2, 2012  /   No Comments

Bio: Paul Tudor Jones II

With a nickname like the ‘the Macro Trader’ Paul Tudor Jones is unlikely to go unnoticed.  He is perhaps most famous for his prediction of ‘Black Monday’ market crash in 1987 which proved to be a major success; he tripled his money during the event.  He turned prescient short positions into 201% gain.

His nickname derives from his diversified investment methodology in including global macro trading, equity investment, event driven strategies and his technical trading system.  With his colleague Hunt Taylor, Mr Jones created FINEX which is the financial futures divisions of the New York board of trade.

Mr Jones describes himself as the single most conservative investor on earth due to his hate for losing money. His mantra he inherited from his grandfather who taught him that he was only worth what he could write a cheque for tomorrow. The futures market therefore held much appeal as, in general, you can get liquid and be in cash in literally the space of a few minutes.

Mr Jones is no giant risk taker choosing to look for opportunities with tremendously skewed reward-risk opportunities, which has seemingly paid off.

Most impressively his business has never been down a year with the lowest performance statistic coming in 2000 with Tudor BVI Global Portfolio fund delivering 11.6%.

Interestingly, Tudor charges 4% management fees which are double the average and 23% percent of the profits which is 3% higher than the average.

Mr Jones is originally from Memphis, Tennessee where he went to high school then onto University of Virginia with Economics as a major. He successfully applied to Harvard Business School but soon left on the basis that him going was ‘crazy’ as he felt that ‘for what I’m doing here, they’re not going to teach me anything’. He sought advice from his cousin William ‘Billy’ Dunavant , the owner of Dunavent Enterprises which is one of the world’s largest cotton merchants who set up a meeting with the commodity broker Eli Tullis in New Orleans. Tullis became Jones’s mentor in trading in cotton futures at the New York Cotton Exchange, teaching Jones the lesson that you had to tackle the emotional highs and lows of trading.

Mr Jones is also involved in charitable work and a founder and a Director of Robin Hood Foundation, which stated objective is to end poverty in NYC by finding, funding and partnering with programs that have proven they are effective to poverty and are a consistent force for good in the lives of New Yorkers.

Mr Jones is described as a keen flying game marksmen, and bass fisherman who owns extensive property around the world from Florida to Zimbabwe. He is married to Sonia Jones and has four children.

[Photo Attributed to; http://www.virginia.edu/insideuva/2001/35/images/Jones,Paul_Tudor.jpg ]

 

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