Early Life and Education
Paul Tudor Jones II was born in Memphis, Tennessee, on September 28, 1954. His father was a lawyer, and the family owned and operated a local newspaper, The Daily News. Jones attended Presbyterian Day School and Memphis University School before enrolling at the University of Virginia. At the University of Virginia, he earned a bachelor's degree in economics in 1976 and was a welterweight boxing champion.
Rise to Success
After graduating, Jones began his career as a clerk on trading floors in New York and learned trading under Eli Tullis. In 1980, he founded Tudor Investment Corporation, an asset management firm based in Stamford, Connecticut. He is known for his skill in macro trading, and one of his most significant achievements was predicting the stock market crash of October 1987, known as Black Monday, which allowed him to triple his money through short positions.
Key Business Strategies
Tudor Investment Corporation employs a global macro strategy, taking positions based on global economic trends and events, using rigorous analysis and risk management. The firm manages investments across various asset classes, including fixed income, equity, currency, and commodities. Tudor's investment strategies include discretionary global macro and quantitative global macro.
Philanthropy
Paul Tudor Jones II is also recognized for his philanthropic efforts. In 1988, he founded the Robin Hood Foundation, a charity that focuses on poverty reduction in New York City. The foundation employs metrics-driven approaches to charitable giving and has distributed over $3 billion to various initiatives. Jones has also supported education and environmental conservation.