Paul Tudor Jones

Paul Tudor Jones II was born on September 28, 1954 in Memphis, Tennessee, USA. Paul Jones received his higher education at the University of Memphis, and later at the University of Virginia, he received a degree in economics. In 1976, quite successfully participated in the championship boxing welterweight.

His business career he began in 1976 with a clerkship, and soon rose to a broker in the company «EF Hutton ». Since 1980, over two and a half years, Paul was an independent trader. He then went to Harvard Business School, but soon realized that what is taught in this school is not the knowledge that he wants to get. So he abandoned the idea of further education and asked for support and advice from his cousin William Danavanta specialized in cotton trade. William Danavant sent him to New Orleans, what would Jones talks and a major broker Eli Tallis, who offered him a pretty good job. Jones began trading cotton futures on the New York Cotton Exchange.

In 1980, Paul founded the company «Tudor Investment Corporation», which is a leading investment fund, the head office is located in Greenwich, Connecticut. During the first five years of fund gave yields over 100% per annum. In 1986, the fund earned 99.2% per annum, this reduction upset Jones – he is regarded as a bad year. Of course, affects the scale: the fund at that time was not too large. Managing small amounts, could not be afraid of the strong market response to its trade manipulation.

Partner Paul on the fund became a fan of computer methods of market research, Peter Borish. He worked mainly in research and finding new opportunities. Subsequently, Peter went to Paul and became a major and independent trader. Conflict of interest in the partnership was originally founded, in spite of years of joint and lucrative work. Peter was a fan of automated trading systems, and Paul traded manually, without idolatry before the technical indicators. Moreover, never concealed and sold, guided mainly by their instincts.

Success is not always accompanied Jones. In 1993 he went from the main partner – Peter Borish, development of which were not claimed in the fund Tudor Investment. Paul Tudor Jones II, meanwhile, opened branches in Europe and South-East Asia, has increased staff. Compared with competitors, the results looked weak, it seemed, the fund has lost momentum. As a result, some customers rushed to withdraw money from the fund. By the beginning of 1994 from the assets exceeding $ 1 billion, leaving only $ 700 million but the new year has presented many surprises. Most of the funds suffered losses, and Tudor Investment survived and even earned 9%. Jones always unconditionally believed in its success. He never ceased to develop and fund, determined, reinvest it in 85% of their personal income. This bribed many, and the number involved in the management of the assets of Tudor Investment is gradually emerging in the first place. Under the influence of stock hit new markets and new countries.

As a result, Paul Tudor Jones II has established itself as one of the best traders in the world, has created an outstanding reputation as masters of money-management and build up a successful highly profitable business, which lie at the base of firm principles of risk management. By this time all in the financial world has unequivocally recognized that Paul Tudor Jones’ phenomenal talent to make money, multiplied by the enormous capacity for work. Today in the Tudor Investment Corporation invest money investors from 35 countries. These include funds of funds, private investors, banks, specialized funds assets.

On June 1, 2007 firm Jones managed capital 17.7 billion dollars. Paul Tudor Jones was married to the Austrian model Sini Jones, they have four children. Its capital is estimated at approximately 3.3 billion dollars. In March 2007, under the version of the magazine “Forbes” Jones took place among the 369 richest people in the world.

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