Tudor Investment Corporation: total AUM grew 78% now valued at $44 Billion
Established in 1980 by Paul Tudor Jones, Tudor Investment Corporation serves as an investment advisory firm employing an array of both discretionary and quantitative tactics across numerous asset classes. The firm claims to have a broad multi-strategy methodology, encompassing global macro, event-driven equity, and data-driven equity.
Between March 30, 2022, and April 21, 2023, the firm underwent several changes as disclosed in its Form ADV filings.
The firm's total AUM grew by 78%, from $24.88 Billion to $44.53 Billion. Despite the increase in AUM, the total number of accounts decreased slightly from 24 to 23. In addition, the firm expanded its workforce, increasing its employee count from 314 to 324.
TIC disclosed several modifications with its private funds.
- Tudor Private Portfolio II LLC
General Partner, Manager, Trustee, or Directors: New: Michael Riccardi; Stephen N. Waldman; Surbhi Mehta
Gross Asset Value: New: $928.09 M | Old: $1.01 B
- Tudor Global Fund L.P.
Gross Asset Value: New: $11.22 Billion | Old: $4.24 Billion
Custodians and Prime Brokers Added: JP Morgan Chase Bank, N.A., BNP Paribas SA Paris,
BOFA Securities, Inc., and JP Morgan Securities LLC
- Tudor Global Investment Fund LLC
Gross Asset Value: New: $338.37 Million | Old: $207.85 Million
- Tudor Family Fund II LLC
Gross Asset Value: New: $315.07 Million | Old: $644.12 Million
Custodians Added: BOFA Securities, Inc. and JP Morgan Securities LLC
Custodian Removed: Brown Brothers Harriman & Co.
Prime Brokers Added: BNP Paribas SA Paris, BOFA Securities, Inc.,
JP Morgan Securities LLC
- Tudor Private Portfolio III LLC
General Partner, Manager, Trustee, or Directors:
New: Michael Riccardi; Stephen N. Waldman; Surbhi Mehta
Gross Asset Value: New: $131.97 Million | Old: $157.89 Million
- Tudor Riverbend Crossing Partners Portfolio LTD.
Gross Asset Value: New: $987.73 Million | Old: $1.08 Billion
Custodian Removed: Brown Brothers Harriman & Co.
- The Tudor BVI Global Portfolio L.P.
Gross Asset Value: New: $23.91 Billion | Old: $11.78 Billion
Custodian Removed: Brown Brothers Harriman & Co.
- Legacy Asset Portfolio L.P.
Gross Asset Value: New: $12.12 Million | Old: $23.47 Million
Custodians Removed: Deutsche Bank AG, Credit Suisse Securities (USA) LLC,
Credit Suisse (Europe) Limited
- Xantium Partners Portfolio L.P.
Gross Asset Value: New: $1.91 Billion | Old: $1.30 Billion
Approximate number of beneficial owners: New: 75 | Old: 49
- Xantium Partners L.P.
Gross Asset Value: New: $6.05 Billion | Old: $5.28 Billion
Approximate number of beneficial owners: New: 75 | Old: 49
Prime Broker Added: JPMorgan Chase Bank, N.A.
- Tudor Pipeline Portfolio L.P.
Gross Asset Value: New: $103.90 Million | Old: $45.88 Million
Percentage of clients invested: New: 4% | Old: 0%
Several private funds were removed from the firm's portfolio.
- Tudor Systematic Tactical Trading L.P. valued at $2.76 Billion
- Maniyar Macro Portfolio L.P. valued at $1.26 Billion
- Maniyar Macro Trading L.P. valued at $2.96 Billion
- Tudor Systematic Tactical Trading Portfolio L.P. is valued at $239.65 Million.
In terms of management, TIC welcomed Anita Sbarra and Michael Riccardi as new direct owners.
Sbarra took on the role of CFO and Director, while Riccardi assumed the position of CEO, Member of Tudor Management Committee, and Director of Tudor Investment Corporation.
Conversely, Louise Zarrilli, John Raymond Torell, Shaun Gavin King, Mark Foote Dalton, and Steven Evens have stepped down from their roles within the Ffirm as members of the Tudor Management Committee and Directors of Tudor Investment Corporation.