Published on 31 Aug 2021 on Insider Monkey via Yahoo Finance
10 Stocks to Invest in According to Billionaire Paul Tudor Jones
In this article, we will take a look at 10 stocks to invest in according to billionaire Paul Tudor Jones. You can skip our detailed analysis of Jones' history, investment philosophy, and hedge fund performance, and go directly to see the 5 Stocks to Invest in According to Billionaire Paul Tudor Jones.
Paul Tudor Jones is an American billionaire, philanthropist, hedge fund manager, and founder of an asset management firm, Tudor Investment Corp, founded in 1980. Today, the hedge fund has offices in Palm Beach, Connecticut, New York, London, Sydney, Singapore. Jones started his career as a commodities trader when he traded cotton futures at the New York Cotton Exchange. In 1988, he cofounded the Robin Hood Foundation, with the sole purpose of giving back to his community and eradicating poverty.
Tudor Investment Corp focuses on discretionary macro trading, quantitative trading, and investment on a global basis. The firm believes in continuous innovation in order to compete in evolving markets. Due to the distinguished strategies of Paul Tudor Jones, his fund has generated higher returns since its inception. In 1987, the fund delivered a 125.9% return after the U.S. stock market experienced the biggest downturn of history. In 1990, the fund gained 87.4% following the market crash in Japan. After reaping profits for a long time, the fund’s activity suffered between 2010-2012, when the returns averaged 5% annually. However, after 2013 Tudor Investment Corp made a comeback when the fund’s Tudor Momentum Fund gained 24.1% in 2018.