GM Pension Favors Tudor Spinoff

Chidem Kurdas
A hedge fund investment

Gold, Stock ETFs Notable in Portfolios

Paulson & Co.’s $4.4 billion holding in SPDR Gold Trust may be the single largest  investment in an exchange-traded fund. But many hedge funds as well as institutions hold a wide variety of ETFs either as a hedge or an inexpensive way of gaining from the rise of a chosen market.

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Tudor Attracts as Macro Rises

Chidem Kurdas

Two years ago distressed securities investing looked promising. No longer. Investors are moving to other strategies, in particular global macro. But they don’t want new macro managers—they want well-established names that have been around for decades, like Paul Tudor Jones. 

Tudor, Caxton Like China

Chidem Kurdas

Big global macro funds stayed with China even as hedge fund people talked about a bubble in that country. Paul Tudor Jones’ Tudor Corp. and Bruce Kovner’s Caxton Associates held significant investments in Chinese companies as well as market indexes in the first quarter.