![]() ![]() The best traders may get a chance to join Tudor or start their own firms with seed capital from Tudor and HC Technologies. Jones is setting up the venture to develop talent now that banks were forced to shut their proprietary trading desks where young guns once learned to wager on bonds, currencies, commodities and stock indexes. Mike Novogratz, former president of Fortress Investment Group, runs a global investment management firm with total assets under management of approximately 41.6 billion and 4. We want to provide an environment where they can get that experience. Global macro trading strategies are based on educated guesses about the macroeconomic developments of the world. ![]() ![]() There are fewer options open to traders who want to learn trading skills and manage capital at the start of their career, Jones said in a statement. The seven macro-global trading strategies evaluate whether a nations economy is likely to perform better or worse in the future using a variety of factors. It will be funded by Tudor partners including Jones, and HC Technologies, a Chicago firm run by Tudor alum Joseph Niciforo that specializes in algorithmic trading. The founder of the $14 billion Tudor Investment Corp., one of the best-performing and oldest macro hedge funds, is starting LaunchPad Trading, a joint venture that will give 20 young macro traders a chance to hone their craft before they start managing client money. Some of the biggest macro hedge funds are Bridgewater Associates, Brevan Howard and Moore Capital. (Bloomberg) - Paul Tudor Jones is looking for the next generation of macro managers. ![]()
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