Tudor's Villani Said To Prep New Hedge Fund

Aug 9 2017 | 10:05pm ET

Tudor Investments’ Dario Villani, currently global head of portfolio strategy and risk at the famed investment manager, is reportedly prepping a new hedge fund venture. 

News of Villani’s plans was first reported by Business Insider, which cited unidentified individuals familiar with the matter. Details about the new venture, including what strategy it will pursue or when it may launch, were not immediately available – although given his background, it is a reasonable assumption that Villani’s new fund will have a macro orientation. 

A visiting lecturer at Princeton University, Villani joined Tudor in May 2015 as a portfolio insight manager and was named to his current role in October of last year. Before joining Tudor, he was co-head of global rates and macro for hedge fund Hutchin Hill Capital, and was a portfolio manager for Michael Platt’s BlueCrest Capital Management for four years. Earlier in his career, Villani had stints at Deutsche Banks, Merrill Lynch and JP Morgan Chase. 

Tudor's flagship BVI Global fund was down 2.3% for 2017 through July 21, according to HSBC data referenced in the Business Insider article, while its Discretionary Macro fund had lost 3.2% over the same time span. 

Formed in 1980, Greenwich, CT-based Tudor is one of the oldest hedge fund companies on the Street, and founder Paul Tudor Jones among its most renowned investors. Following a wave of redemptions in the past year, Tudor now manages approximately $8 billion in AUM deployed across a wide range of discretionary global macro, quantitative global macro, managed futures, quantitative equity systems and discretionary equity long/short strategies. 

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