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Paul Tudor Jones Is Reportedly Closing The First Fund He Opened

Julia La RocheJan 5, 2015, 22:59 IST

Legendary macro trader Paul Tudor Jones, the founder of Tudor Investment Corp., is closing his futures fund-the first fund he ever opened-to focus on his flagship fund, CNBC's Kate Kelly reports.

The Tudor Futures Fund managed $300 million, according to CNBC. The futures fund, which was opened in 1984, also never had a down year.

"I'll continue to manage the firm's flagship fund. I am and will continue to be the largest risk taker for that fund as far as I can see into the future," Jones wrote in a recent investor letter, according to Kelly.

Meanwhile, the flagship fund-the $11 billion Tudor Global BVI-was up about 3.5% through the end of December, according to CNBC's Kelly.

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