Paul Tudor Jones II (born September 28, 1954)[1] is an American billionaire hedge fund manager, conservationist[2] and philanthropist.
In 1980, he founded his hedge fund, Tudor Investment Corporation, an asset management firm headquartered in Stamford, Connecticut.
[16] Tudor (i.e. Jones) used his experience in trading cotton to branch into other commodities and financial instruments such as stock-index contracts and currency futures.
[17] In 1987, betting on a crash in the United States stock market Jones' Tudor' returned 125.9 percent after fees, earning an estimated $100 million.
[21] Jones's global macro trading style is based primarily on technical analysis, as opposed to value investing, with an emphasis on momentum factors driving markets.
[27] When Tudor Jones and his wife joined the Giving Pledge, they said "we were both raised in the Church," and cited several Bible references supporting the decision.
[28] In 1990, Jones pleaded guilty to illegally destroying 86 acres of protected wetlands on his Maryland Eastern Shore hunting estate with 1,400 cubic yards of gravel, without a permit.
[30] He chairs the organization's board, which includes Jimmy Buffett, Jack Nicklaus, David Lawrence Jr., Jon L. Mills, and William Wrigley Jr. II, among others.
[31] In 2006, the New York Times described Jones as an American conservationist in reporting that in 2002, the Tanzanian government leased him the Grumeti reserve in Tanzania's western Serengeti.
"[32] In 1986, after watching an episode of CBS News' 60 Minutes about businessman and philanthropist Eugene Lang, Jones adopted a sixth grade class in Bedford–Stuyvesant, Brooklyn at an underperforming public school.
Jones believed he "vastly underestimated both the academic and social challenges facing [the students in the class he adopted]" and his program was "completely ill-equipped to [help them] in an efficient fashion.
"[33] In his 2009 speech, Jones explained that this major failure on his part taught him lessons he's applied in subsequent education efforts.
He talked about failing to get 86 underserved students into college despite expense and effort later helped him start one of the most successful charter schools in New York.
[1] In April 2012, UVA announced the creation of a new Contemplative Sciences Center through a $12 million gift from Jones and his wife, Sonia.
[1] Jones is the founder of the Robin Hood Foundation, a charitable organization backed mainly by hedge fund operators[38] that attempts to alleviate problems caused by poverty in New York City.
[41] He penned an editorial supporting her resignation, citing the school's poor academic rankings, low salary for staff and other perceived problems.
[44] Jones answered "saying that having a baby hurts the ability of women to focus on macro trading, where investors seek to profit from global equity, bond, currency and commodities markets.
"[44] Jones' comments quickly drew criticism from fellow traders, members of the media and others regarding mothers in his field of global macro trading.
[8] In a written statement sent to the Washington Post, Jones stated that "My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely only a few thousand successful practitioners in the world today.
Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
In 2017, as Weinstein came under increasing pressure for sexual misconduct allegations, Jones wrote him an email encouraging him that the scrutiny would soon end, and advising him on how he could revive his reputation.
The film shows Jones as a young man predicting the 1987 crash, using methods similar to those of market forecaster Robert Prechter.
[51] In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with Alfred Jones, Bruce Kovner, David Swensen, George Soros, Jack Nash, James Simons, Julian Roberston, Kenneth Griffin, Leon Levy, Louis Bacon, Michael Steinhardt, Seth Klarman and Steven A.