Friday, January 15, 2010

Did Tudor’s Tensor really tank?

"It looks like managed futures funds had a rough go of it last year. Today, Bloomberg headlined that as an industry segment this was their worst fall since 1987, and then went on to call out Greenwich legend Paul Tudor Jones’ Tudor Tensor Fund as one of the lackluster performers.

Tudor Tensor actually didn’t lose that much money last year, though. In fact, while the fund’s performance ended negative 2.67 percent for 2009 compared to the HFN CTA/Managed Futures Index, which was up 1.34 percent, the fund was still able to grow its assets. According to investors, Tensor now has $1.1 billion after ending last year with about $870 million."

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