As well-known hedge fund luminary Paul Tudor Jones closes the doors its Tudor-Tensor fund, Attain Capital notes the issue isn’t so much performance as it is asset raising and investors piling in at the top and getting out at the bottom. Performance not bad as fund exits Since its inception in 2005, the Tudor-Tensor managed futures fund has generated 41.86% for investors – handily beating the benchmark Newedge CTA index, bonds, and the worldwide stocks, but falling slightly behind hedge funds and US stock returns over the same period. What Attain points out in their article, “What a Hedge Fund…
What Does Hedge Fund "Failure" Look Like?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.