Paul Tudor Jones
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Paul Tudor Jones (b. 1954, Memphis, Tennessee) is one of the most famous and accomplished commodity traders in the 21st Century. Having made a staggering $500 million in 2005, he is worth an estimated $2.5 billion, and was ranked by Forbes in September 2006 as the ([1]) 117th richest person in the world.
One of his earliest successes was predicting Black Monday in 1987, tripling his money during the event due to large short positions ([2]). Jones uses a global macro strategy when trading in some of his funds.
Jones' father was a lawyer who published a weekly newspaper that covered the local courts. He went to Memphis University School, a local college preparatory school. While he was there he helped edit the school yearbook.
Jones attended the University of Virginia, earning an undergraduate degree in economics in 1976. After he graduated, he consulted his cousin, William Dunavant Jr., for advice on investing. Dunavant, whose Dunavant Enterprises is the world's largest cotton merchant, sent Jones down to New Orleans to talk with commodity broker, Eli Tullis.
In 1980 Paul founded Tudor Investment Corporation which is today a leading Alternative Asset Management firm headquartered in Greenwich, Connecticut. The Tudor Group, which consists of Tudor Investment Corporation and its affiliates, is involved in active trading, investing and research in the global equity, debt, currency and commodity markets.
The firm currently manages $14.7 billion (as of November 1, 2006). Their investment capabilities are broad and diverse, including global macro trading, fundamental equity investing in the U.S. and Europe, emerging markets, venture capital, commodities, event driven strategies and technical trading systems.
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[edit] Personal Life
Jones enjoys the outdoors, and is a director of the National Fish and Wildlife Foundation and The Everglades Foundation.
He is married to Sonia Jones, and they have 4 children.
[edit] Philanthropy
He is the founder of the Robin Hood Foundation, an organization dedicated to fighting poverty in New York City.
Jones has donated several million dollars to his alma mater, the University of Virginia, including a $35 million donation which went to the construction of a new basketball arena, named John Paul Jones Arena in honor of his father.
[edit] References
- Market Wizards: Interviews with Top Traders, by Jack D. Schwager, 1989.
- "Saving the world with Paul Tudor Jones". (hedge fund manager; includes related article on Jone's Inner Circle)(Cover Story). Jack Willoughby. Institutional Investor v31.n7 (July 1997): pp60(9).
[edit] External links
- Paul Tudor Jones Information HedgeFundsInvesting.com
[edit] Further reading
Schwager, Jack D. (1993). Market Wizards: Interviews with Top Traders. 26 pages: Collins; Reissue edition. ISBN 0887306101.
Categories: 1954 births | Living people | American businesspeople | American entrepreneurs | American investors | American money managers | American philanthropists | Billionaires | Forbes 400 | Forbes World's Richest People | People from Memphis | People from New York City | University of Virginia alumni
