Tudor Investment Group is halting withdrawals from its BVI Global fund. Tudor is splitting the hedge fund into two separate funds and told investors they cannot withdraw funds until the restructuring is complete. Tudor's BVI fund is down 5% and investors have asked for redemptions equal to about 14% of the fund's assets.
Tudor Iinvestment Group's founder, Paul Tudor Jones, said he plans to move illiquid assets into a separate fund called Legacy, while leaving higher quality assets in the BVI fund.
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