Performance Watch ’13: Tudor Tensor

Performance Watch ’13: Tudor Tensor

  • Posted by Tudor LP | September 6, 2013 at 3:00 PM

  • Posted by UBS Quant | September 6, 2013 at 4:11 PM

  • Posted by Investor | September 6, 2013 at 8:13 PM

    I thought that Paul Tudor Jones was a market wizard. What’s going on?

  • Posted by Billion-Air | September 6, 2013 at 8:17 PM

    Paul Jones is not the Tensor’s fund manager.

    Steve Evans is Tensor’s fund manager. The guy has a weird background.

  • Posted by Investor | September 6, 2013 at 8:19 PM

  • Posted by Billion-Air | September 6, 2013 at 8:25 PM

    He used to develop commercial video-games, and was hired as Tudor’s CTO. He doesn’t have a trading background, or a science/quant background, but somehow he was selected to run a quant fund.

    Sadly, the proof is in the pudding.

  • Posted by Investor | September 6, 2013 at 8:32 PM

    LOL. He is playing video-games with investors’ money. GAME OVER!!!

    The SEC should sue Tudor for the losses, on the grounds of gross negligence/breach of fiduciary duty. It is Tudor’s fault, for asking a CTO to be a CIO.

  • Posted by Tenser | September 6, 2013 at 8:36 PM

    Tudor Tensor performance for the last 5 years:

    2009: -2.69%
    2010: 6.19%
    2011: -10.31%
    2012: -2.3%
    2013: -6.2% (YTD, as of 08/31)

    Total: -15.31%
    Avg RoR(*): -3.1%
    Loss from top: -18.81%

    (*) Average Rate of Ripoff.

  • Posted by Livid | September 6, 2013 at 8:40 PM

    The average loss is about the same as Tensor’s management fee.

    Do they actually trade? Or is this another scam?

  • Posted by Bernie Madoff | September 6, 2013 at 8:41 PM

    Sucking investors’ blood through the management fee… That’s the right way to do it!

  • Posted by Skeptic | September 6, 2013 at 8:51 PM

    You’ve gotta be kidding me. How can this guy still be in business?

    Most systematic hedge funds made lots of money over the last five years. And this year in particular, they are doing great!

    This has to be a fraud.

  • Posted by AARP3697 | September 7, 2013 at 10:33 AM

    That Evans pal had no prior trading experience before Tudor? I supposed that he had traded at previous firms.

    How could Tudor make a fund manager out of a rookie? I thought it was a serious place.

  • Posted by Tremont | September 7, 2013 at 11:11 AM

    Affirmative. He worked at DE Shaw for less than a year, as a software developer within the IT department. Before that, he was an IT consultant.

    Evans doesn’t have a Ph.D. Looking at Tensor’s prospectus, there is only one person in all of Tudor’s systems group with a Ph.D. At investment firms typically 50%-75% of the quant department have a Ph.D., and certainly the head of the quant department must have completed her/his education.

  • Posted by Austin Powers | September 7, 2013 at 12:38 PM

    LOL… These guys definitely lost their mojo for good!

  • Dealbreaker


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